RBI asks payment firms like Paytm, PhonPe to report suspicious fund transfers during LS polls
PSOs include card networks such as Visa, Mastercard, and Rupay as well as payment gateways such as Razorpay and payment apps like Paytm, BharatPe and PhonePe.
The development also comes in the backdrop of the Election Commission of India raising concerns in this regard and recommending appropriate action when necessary. Image: Reuters