I think @CarolinMerces was right.
I stand corrected.
The bettr card is a cobranded card issued in partnership with SBM bank and therefore they don’t fall under BNPL master direction from RBI.
The Bettr Card is shutting down temporarily for compliance with RBI Credit card Master direction that was issued in April 2022.
The BNPL- MD was issued in June 2022.
The RBI has changed few rules and regulations and Bettr is trying to comply with them.
I hope they come with new rules and T&c in this month itself.
IMPORTANT NOTICE_ Disruption in service of your SBM Bettr card.pdf (129.8 KB)
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