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Technology, Media and Telecom

Technology, Media and Telecom

October 8, 2025

An Analysis of the Reserve Bank of India’s Master...

On September 15, 2025, the Reserve Bank of India ("RBI") issued the Master Direction on Regulation of Payment Aggregators, 2025 ("Master Direction"), a framework governing both bank and non-bank entities engaged in the business of payment aggregation ("Payment Aggregators" or "PA")....