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Business

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India’s Small Businesses Turning to Digital Payments as a Result of COVID-19

The coronavirus pandemic may be changing how retailers in India view digital payments. Payment providers are seeing an increase in merchants who are willing to talk about implementing contactless payment methods. Payment facilitators are among the fintech companies who have responded with innovative offerings to help small businesses.

Underwriting

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India’s Central Bank Tightens KYC Requirements for Some Payments Banks

The growth of digital payments has led to non-bank entities stepping deeper into financial services. But at least one authority has demonstrated that it will tighten requirements on these non-traditional entities if needed, based on how they’re conducting their financial services business.

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