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Mint Primer: Why commercial card spending has been paused

Commercial cards are used by corporates for making purchases on the company’s behalf. This gives them interest free loans for a period of 30-40 days, which helps manage working capital.

Axis-bank , Business-payment-service-provider , Mastercard , Visa , Macquarie-research , Kotak-mahindra-bank , Payment-system-settlement , Rbi , Card-payments , Rbi-card-payments , B2b-card-payments-rbi

Why has RBI put restraints on a certain card network?

There are five card networks in India: Visa, Mastercard, RuPay, Diners Club, AmEx. The network in question has allegedly allowed businesses to make payments through intermediaries to entities that cannot accept card payments.

India , United-states , American , National-electronic-fund , Business-payment-service-provider , American-express , Diners-club , Visa , Mastercard , Immediate-payment-service , Real-time-gross-settlement

RBI asks Visa, Mastercard to halt card-based commercial payments

While the RBI has not officially announced the reasons for the directive, fintech companies active in the segment said such transactions are being done at outlets which are not authorised to accept such payments.

India , Mastercard , Business-payment-service-provider , Visa , Reserve-bank , Settlement-systems-act , Paytm , Eserve-bank-of-india , Bi , Intech-firms , Usiness-payment-service-provider-bpsp-

RBI instructs Visa and Mastercard to halt Commercial Card Payments

Following regulatory measures taken against Paytm, the Reserve Bank of India (RBI) has instructed card networks...

India , Business-payment-service-provider , Mastercard , Visa , Reserve-bank , Settlement-systems-act , Rbi , Isa-and-mastercard , Ommercial-payments , Iliconindia ,

RBI asks Visa and Mastercard to stop card-based payments by corporations and small enterprises |

The Reserve Bank of India has reportedly asked Visa and Mastercard to stop card-based commercial payments made by corporations and small enterprises. This move comes after RBI's ban on Paytm Payments Bank. Find out more about the reasons behind the decision and its impact on fintechs and non-KYC-ed merchants.

India , Visa , Mastercard , Paytm-payments-bank , Business-payment-service-provider , Reserve-bank , Economic-times , Paytm-payments , Rbi , Paytm-rbi , Card-based-payments

RBI asks card network to stop unauthorised payments via business cards

The regulator said only one card network has operationalised this arrangement in the country so far.

Visa , Business-payment-service-provider , Immediate-payment-service , National-electronic-fund , Mastercard , Real-time-gross-settlement , National-electronic-fund-transfer , Settlement-systems , Paytm , Eserve-bank-of-india , Bi

RBI asks Visa, Mastercard to stop business payments via commercial cards: Report

Industry sources said that the central bank is concerned about the flow of money through the card route toward non-KYC-ed merchants.

India , Mastercard , Visa , Business-payment-service-provider , Reserve-bank , Economic-times , Rbi , Isa , Astercard , Ommercial-cards ,

RBI swipes left on commercial credit cards

Businesses typically pay their vendors by bank transfers or commercial credit cards called Business Payment Service Provider (BPSP) transactions, which are now suspended by RBI

Mastercard , Business-payment-service-provider , National-electronic-fund-transfer , Visa , Arpit-ratan , Real-time-gross-settlement , B2b-card-payments , Rbi , Card-payments , Fintechs ,

Visa launches commercial card solution for businesses to pay suppliers

New Age, a Dhaka-based leading English language daily newspaper, is a major source of news of Bangladesh and international affairs


Nepal , Bangladesh , Bhutan , Soumya-basu , Abdus-sabur-khan , Visa , Business-payment-service-provider , Southeast-bank , Southeast-bank-ltd , Business-payment-solution-provider , Visa-commercial-cards , Bhutan-visa