RBI re-KYC deadline adds strain for payment aggregators and merchants
RBI’s Sept. 15 deadline for payment aggregators to complete re-KYC for existing merchants is proving more complex than collecting updated documents, with under two weeks remaining and more than a million online merchants involved.
The Reserve Bank of India’s September 15 deadline for payment aggregators to complete the re-KYC of existing merchants is proving to be a much more complicated exercise than simply collecting a few updated documents.With less than a fortnight to go, more than a million online merchants and around 3…