RBI invites Public Comments on Authorisation of New Retail Payment Systems

Jan 23, 2019 | by Avantis RegTech Legal Research Team

On January 21, 2019, the Reserve Bank of India (RBI) has invited comments on a policy paper on Authorisation of New Retail Payment Systems from all stakeholders and members of public by February 20, 2019.

Earlier, RBI announced Statement on Development and Regulatory Policies released with the Second Bi-monthly Monetary Policy Statement 2018-19, with a hope that it would encourage more players to participate in and promote payment platforms. The objective was to minimize the risk in retail payment market. The RBI invites public comments on the policy paper to be sent by post or by email.

[Press Release: 2018-2019/1708]


URL: https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR1708DD03013EEE89475BAEE4A89603A67CA9.PDF


Related Updates

Alternate Text

Get updates on the go on RuleZbook Mobile App.