In the last few years, some fintechs have emerged that allow usage of credit cards for P2P transactions like rent, tuition fees, etc. The RBI is not comfortable with these payments as credit cards are meant for P2M transactions.
In the last few years, some fintechs have emerged that allow usage of credit cards for P2P transactions like rent, tuition fees, etc. The RBI is not comfortable with these payments as credit cards are meant for P2M transactions.