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Live News EQUITY ARTICLE L impact

Payment aggregators seek RBI extension for September 15 re-KYC deadline

Payment aggregators have asked the Reserve Bank of India to extend the September 15 deadline for merchant re-KYC, citing difficulties clearing a backlog running into thousands of merchants, per sources.

Payment aggregators have requested the Reserve Bank of India to extend the September 15 deadline for re-KYC of merchants, according to a couple of sources aware of the development.The move comes as the Payment Aggregators (PA) are struggling to clear the backlog running into thousands of merchants…