Payment aggregators ask RBI to extend September 15 KYC deadline
- Payment aggregators have asked RBI to extend the September 15 deadline for merchant re-KYC completion.
- Firms are struggling to verify thousands of small merchants before the mandatory compliance deadline.
- Around 30–35% of small offline QR merchants may miss verification due to documentation issues.
- Companies warn that delayed KYC could temporarily affect digital payment services for some merchants.
Source: storyboard18.com
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