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RBI Orders Simpl to Halt Payment Services | RBI Action on BNPL | Fintech News
The Reserve Bank of India (RBI) has directed Bengaluru-based BNPL firm Simpl to stop its payment services. Reason – regulatory and KYC compliance issues. This move affects Simpl’s UPI, bill payments, and merchant transactions. It’s a strong warning for the entire BNPL sector in India. #RBI #Simpl #BNPL #Fintech #DigitalPayments # ...
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