Fintech firms seek six month-extension to comply with RBI credit line norms

RBI had barred the loading of prepaid payment instruments (PPIs) from credit lines

Fintech firms will seek an extension of at least six months to comply with the latest mandate of the Reserve Bank of India, which barred non-bank wallets and prepaid cards from offering credit lines on fintech platforms. 

 

In a meeting held on Thursday arranged by the Digital Lenders Association of India (DLAI), two people agreed that the request for an extension