Now, Visa, Mastercard stop business payments via commercial cards after RBI directions
Wednesday, 14 February 2024 The Reserve Bank of India (RBI) has directed card networks like Visa and Mastercard to suspend card-based commercial payments made by corporations and small enterprises. Transactions at possible unauthorized business outlets accepting card payments have been temporarily halted. The reason behind this directive is unclear, but it is believed to be related to concerns about non-KYC-ed merchants accepting card payments.
This is your card if you Scroll, and this is your card if you Like, this is your card if you Comment, and this is your card if you Share, now this is your card if you Follow, and these are your cards if you do All. (Omastar Vintage Edition)
This is your card if you Scroll, and this is your card if you Like, this is your card if you Comment, and this is your card if you Share, now this is your card if you Follow, and these are your cards..
This is your card if you Scroll, and this is your card if you Like, this is your card if you Comment, and this is your card if you Share, now this is your card if you Follow, and these are your cards..
A day after the RBI instructed payment networks Visa and Mastercard to stop enabling business credit card issuances by fintech aggregators, the central bank... IndiaTimes
Wednesday, 14 February 2024
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