New Indian Payments Rules for Corporations

Corporate Treasurer has reported that in India, corporations are now allowed to conduct banking activities to enable them to target individuals without bank accounts.

Henry Balani, Accuity’s Head of Innovation, observes that the responsibility being placed upon corporate treasurers will increase significantly as a result of the additional compliance issues and operational requirements which will undoubtedly emerge from the change.

The list of corporations which have shown interest in the new payments rules suggests that FinTech firms can see the potential of tapping into a new market. It will be interesting to see how these developments take shape.

Source: India’s corporations move into banking with new payments rules, Corporate Treasurer.