Tag: Payment Aggregators
July 13, 2022
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
Digital Payments and Payment Aggregators: A Regulatory ...
In recent years, the digital payments space has grabbed eyeballs across India, with the upsurge in the use of debit cards, credit cards and UPI payments. The increase in the use of digital payments can be largely attributed to the increase in access to the internet, e-commerce websites, mobile applications and the pandemic that forced several individuals to shop online, even for basic necessities. ......
November 6, 2019
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
RBI Proposes Regulation of Payment Gateways & Paym...
The Reserve Bank of India (“RBI”) has released a discussion paper on ‘Guidelines for Payment Gateways and Payment Aggregators’ for public comment (“Discussion Paper”). The Discussion Paper envisages payment gateways such as Paytm, Mobikwik, Bharat Bill Pay, PayUmoney etc. having to adhere to RBI guidelines. The Discussion Paper highlights the RBI’s concern for safeguarding the online experience of consumers while making payments and the role of intermediaries in conducting such transactions....