Paymate

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.

Fintech Highlights

  1. Stock broker Groww gets Sebi nod for $1 billion IPO

  2. PCI Security Standards Council sets up first India-South Asia regional engagement board

  3. Aye Finance net profit halves to Rs 30 crore in June quarter

  4. TransBnk raises $25 million in Series B funding led by Bessemer Venture Partners

  5. Arohan Financial Services appoints Milind Nare as Deputy CEO, Ketan Agrawal as Deputy CFO
  6. Read more news...

AI/Emerging Tech

  1. Elon Musk’s xAI, X sue Apple and OpenAI over antitrust claims

  2. OpenAI appoints ex Coursera exec Raghav Gupta as education vertical head for India, APAC

  3. Meta strikes licensing deal with Midjourney

  4. OpenAI warns against unauthorized investment vehicles

  5. Google inks cloud computing deal worth $10 billion with Meta
  6. Read more news...

Editor's Pick

  1. Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

  2. Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

  3. Pine Labs IPO Playbook: Between DRHP Gloss and Ground Reality