Fintech firms seek 6 months to comply with RBI's PPI lending directive

In a meeting arranged by the Digital Lenders Association of India, fintech firms have sought a six-month extension for RBI's recent mandate on PPI lending. Earlier, RBI barred non-bank wallets and pre-paid cards from offering credit lines on fintech platforms. The DLAI said it hopes to work with the RBI to safeguard the needs of all existing fintech customers.