Tag: RBI Discussion Paper
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....