NPCI plans to meet with representatives from fintech firms like CRED, Flipkart, Fampay, Amazon etc.
RBI is going to introduce a new set of guidelines for issuing licenses in the POS business.
Soon individuals can deposit cash into their bank accounts via UPI.
As these changes roll out, the landscape of the Indian credit card market is poised for a significant transformation.
Many financial experts pointed out that physical verification slows down the customer onboarding process.