Many players that Business Standard spoke to said they will pause credit card payment for banks that have not gone live.
Some of the fintechs that will get impacted include Cred, Paytm, Phonepe and Amazon Pay, among others.
"In line with RBI guidelines, we will facilitate credit card bill payments only for banks that are part of the Bharat Bill Payment System (BBPS) starting from July 1st, underscoring our commitment to adhering to regulatory guidelines and providing compliant payment solutions to our users," a Paytm spokesperson said.
Bu hikaye Business Standard dergisinin July 01, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin July 01, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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