Without directly seeking an extension, the Merchant Payments’ Alliance of India (MPAI) requested the RBI to mandate system participants to demonstrate the same level of success rate in token and card-based payments in a letter dated September 26. The letter also requests that all existing e-mandates based on card details be immediately transferred to tokens.
Markets eye tariff clarity and Middle East calm for next big move: Ashi Anand
Ashi Anand of IME Capital suggests that easing monetary policy by the RBI, including CRR cuts, could revive consumer demand and capital goods investment. Markets