This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXNPEK1D0EZ_L.jpg
BENGALURU (Reuters) – Visa (NYSE:V) 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.
