The Reserve Bank of India
Today’s latest news from the RBI: The Reserve Bank of India has issued two sets of draft regulations for payment aggregators, primarily focusing on activities conducted at physical points of sale (PoS). Additionally, the central bank has introduced amendments to existing directives and has invited public feedback until May 31. Here’s a summary of the key aspects covered in these guidelines.
On Tuesday, the Reserve Bank of India (RBI) released draft regulations for payment aggregators, encompassing various aspects such as activities at points-of-sale (PoS). Alongside these new regulations, the banking regulator introduced certain amendments to existing directives and requested public feedback on the latest guidelines until May 31. In September 2022, the RBI had announced specific directives concerning developmental and regulatory policies applicable to offline payment aggregators managing proximity or face-to-face payments.
