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RBI bars fintechs from issuing business credit cards on KYC worries
Credit: IndiaTimes- Published on February 15, 2024
RBI has asked Visa and Mastercard to stop facilitating business credit card issues by fintech aggregators. These aggregators are regulated and licensed by RBI. The central bank is concerned about KYC norms and usage limitations of business credit cards issued by non-banks. Small businesses can continue to avail credit lines with...
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