The Reserve Bank of India has formulated several new regulations that have sent the payments industry into a tizzy. These include the mandatory full know-your-customer (KYC) certification and restriction on peer-to-peer fund transfer in semi-KYC wallets. Does a stringent regulatory environment pose the threat of stifling a growing sector? Top executives from payments companies, law firms and investment firms discussed the issues at the News Corp VCCircle Payments Summit 2018.
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