Can I read RBI Guidelines for Payment Aggregators on EtoBox?
RBI Guidelines for Payment Aggregators by Arvind Kumar is a document available to read on EtoBox.
What is RBI Guidelines for Payment Aggregators about?
The document outlines new guidelines from the Reserve Bank of India (RBI) for regulating Payment Aggregators (PAs) and Payment Gateways (PGs) in India. Key points include: 1) PAs will require authorization from RBI to operate, while PGs will be considered technology providers to banks. 2) Existing non-bank PAs must apply for authorization by June 30, 2021 and meet increased net worth requirements of Rs. 15 crore by March 2021 and Rs. 25 crore by March 2023. 3) New PAs must have a minimum net worth of R
- Author
- Arvind Kumar
- Language
- EN