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Exclusive: Reserve Bank of India cracks down on misuse of education payments

Exclusive: Reserve Bank of India cracks down on misuse of education payments

27 Feb 2026, 16:23 PM

The RBI has directed payment aggregators to stop the misuse of education merchant category codes (MCC)...

The corporate credit card that wasn

The corporate credit card that wasn't really a credit card – now under the RBI lens [Exclusive]

23 Feb 2026, 13:23 PM

Two years after the RBI halted commercial card-based vendor payments, the regulator has now turned its attention to another 'corporate credit card' structure.

RBI asks Visa, Mastercard to halt commercial card-based vendor payments

RBI asks Visa, Mastercard to halt commercial card-based vendor payments

19 Feb 2024, 22:13 PM

Visa has sent out a communication to its fintech partners asking them to stop Business Payment Service Provider (BPSP) transactions.

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Fintech Highlights

  1. Oister Global rolls out Rs 500 crore third secondaries fund

  2. ED alleges fake invoices, hawala links in Pay10 money laundering probe

  3. RBI may allow banks, NBFCs to disable financed mobile phones after loan defaults

  4. Scapia raises $63 million led by General Catalyst

  5. Jumpp receives IRDAI approval to launch insurance distribution services
  6. Read more news...

AI/Emerging Tech

  1. ANSCER Robotics bags Series A funding led by IAN Alpha Fund

  2. Amagi Media Labs FY26 revenue from operations up 29% to Rs 1,505.6 crore

  3. Anthropic buys AI developer tools startup Stainless

  4. India's AI venture firm Activate makes strategic bet on ElevenLabs

  5. Zoho invests Rs 70 crore in ONDC
  6. Read more news...

IPO Tales

  1. Turtlemint IPO: Behind its 8x revenue jump, an internal deal does the heavy lifting

  2. Shiprocket IPO: A profitable core, costly emerging bets

  3. Fractal IPO: A bountiful harvest for PE investors, now comes the real AI test

  4. Boat IPO: A second shot amid management shake-up, flat revenues, eager to exit investor
  5. Read more news...

Money & Machines

  1. Razorpay's IPO + Visa's appointment + AI-IT tieups

  2. The Slice transition; Spyne's R&D obsession

  3. The fintech crackdown continues; The ROI paradox in AI

  4. 'Guilty, until proven innocent'; The ARR illusion
  5. Previous editions...

PE/VC Tales

  1. Zetwerk-backer Kae Capital sees more exits in next 12 months, says AI startup valuations high

  2. Micro VCs: Fueling India's startup pipeline or distorting it?

  3. Inside the fintech and financial services bets of Peak XV, Accel, Elevation

  4. Enterprise bets pay off as Arali Ventures eyes ‘larger’ third fund
  5. Read more news...

Editor's Pick

  1. Exclusive: Reserve Bank of India cracks down on misuse of education payments

  2. Inside Rebel Foods, Droom backer Lightbox's post-exodus reset

  3. The LAP rush and MSME mirage: Is fintech lending building its next risk? [Part-3]