RBI has now directly banned VISA, MasterCard payments. Payments of crores of people stopped in India with new restrictions
A significant judgement affecting foreign payment processors such as Visa and MasterCard has been made by the Reserve Bank of India (RBI). The RBI ordered these businesses to cease accepting card payments for business purposes on February 8. The decision was made due to worries about possible money laundering, fraud, and payments to noncompliant merchants. … Read more