BENGALURU (Reuters) – Visa on Wednesday said it received directions from the Indian central bank to halt all transactions for business payment solution providers (BPSPs) in commercial and business payments in the country.
“Visa received a communication from the RBI on February 8, in what appears to be an industry-wide request for information on the role of business payment solution providers (BPSPs) in commercial and business payments,” a Visa India spokesperson said.
(Reporting by Indranil Sarkar in Bengaluru and Jaspreet Kalra in Mumbai; Editing by Sonia Cheema)
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