India's RBI asks Visa, Mastercard to stop B2B payments via fintech platforms

India's RBI asks Visa, Mastercard to stop B2B payments via fintech platforms

REUTERS/Kevin Lamarque

India’s central bank has asked Visa and Mastercard to stop card-based business-to-business payments such as rents or money transfers to vendors routed through third-party fintech firms, according to two sources familiar with the matter.