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Fintech firms seek 6 months to comply with RBI's PPI lending directive
short by Aishwarya Awasthi / on Saturday, 25 June, 2022
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.
read more at Moneycontrol