Some reports suggest that fintek firms have been issuing nearly two million of these pseudo credit cards a month. It doesn't even matter if the card has the backing of a bank. The regulator finally felt the need to do something, but what changed at the r b i headquarters? We don't know, but b and p l companies will be scratching their heads to find out.
In today's episode for 23rd June 2022, we see how the RBI may have introduced regulations that could affect many BNPL companies.
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