RBI Ain’t Buying BNPL
The Reserve Bank of India is going after digital lending or Buy Now Pay Later firms with a new set of stern rules. One rule announced last week, bars them from issuing credit cards. The move affects 10 million users. Will the new rules put some BNPL companies out of business? Host Anirban Chowdhary digs deeper with Srinath Sridharan, Independent Director, Fintech Association for Consumer Empowerment, Saloni Shukla and Tarush Bhalla from The Economic Times.
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The skinny
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