RBI Halts Card-Based Business Transactions

2024 • 9min • News • Business


Published On: February 16, 2024 - The Reserve Bank of India has put a hold on card-based business-to-business (B2B) payments via third-party fintech firms. The central bank, however, didn’t specify the names of the specific companies. It mentioned that the concerned firms violated KYC norms. What is the issue about? Join News9’s Shweta Kothari and Kartik Malhotra, who visually explains the whole issue in detail.