Sign Up
Stories
RBI Cracks Down on Fintech Credit Card Violations
Share
Credit Card Industry Shifts
Credit Card Competition Act Controversy
Holiday Season Savings Through Card-Link...
Holiday Shopping Dampened by Credit Card...
Overview
API
RBI highlights violations by fintech aggregators in business credit card issuances, prompting Visa and Mastercard to cease such transactions. The action aims to address unauthorized payments and KYC rule violations, potentially impacting fintech aggregators' business credit card market.
Ask a question
How might RBI's actions impact the overall fintech industry's approach to credit card issuances?
In what ways could this RBI action influence consumer trust in fintech credit card services?
What measures could fintech aggregators take to ensure compliance with KYC regulations and prevent unauthorized transactions?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Nov 2023
Dec 2023
Jan 2024
Coverage
times