Rbi Recent Directives

RBI Asks A Card Network To Halt Anauthorised Commercial Payment Arrangement

16/02/2024

RBI, however, did not name the card network but said that only one card network has operationalised this arrangement of enabling businesses to make card payments through certain intermediaries to entities that do not accept card payments.

RBI Orders Visa, Mastercard To Halt Commercial Payments By Businesses

15/02/2024

The development comes on the heels of the RBI initiating regulatory actions against Paytm Payments Bank.