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RBI Targeting P2P Credit Card transactions?

RBI Targeting P2P Credit Card transactions?

The Central Bank of India is targeting rent and tuition fee transactions. By Banking of India:  After breaking down VISA from undertaking certain commercial business-to-business credit card transactions, RBI is now cracking down P2P credit card payments via third-party providers, as per sources. This comes after RBI found some instances.

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Credit cards are undoubtedly a tool during emergencies, providing quick access to all the funds that you require at that point in time. However, if you don’t use credit cards wisely then you might be in a great debt trap.  A large number of people across the world prefer to.