Payment rules: RBI issues final guidelines for aggregators, sets capital norms and cross-border limits
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -
The Reserve Bank of India (RBI) has introduced final guidelines to regulate payment aggregators, effective immediately. These guidelines classify aggregators into three categories and impose stringent capital requirements for non-bank entities, including a minimum net worth of Rs 25 crore by the third financial year. The framework also covers escrow accounts, fund management, and cross-border limits. What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
