Fintechs Halt PPI Loan, Buy Now Pay Later Services As RBI Restrictions Posing Challenges

Reserve Bank of India’s (RBI) restrictions on fintech companies providing credit through prepaid instruments is having an impact on their businesses. Several companies have halted transactions on their platforms for the customers. Fintechs halt PPI and BNPL services. Fintech companies are seeking further clarity from the RBI. Zee Business Anurag Shah brings this report.