TL;DR Breakdown The Reserve Bank of India (RBI) turns down MobiKwik`s application to run Zaakpay. MobiKwik halts taking in more clients while existing clients have 180 days to fold. RBI`s reason for rejection is tied to MobiKwik`s support for cryptocurrency. The Reserve Bank of India (RBI) has denied MobiKwik’s payment aggregator license owing to its...