Business Other News 11 Feb 2020 RBI publishes draft ...

RBI publishes draft framework for new payment system

REUTERS
Published Feb 11, 2020, 11:15 am IST
Updated Feb 11, 2020, 11:15 am IST
The central bank has invited comments on the draft framework from all stakeholders by February 25.
At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.
 At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.

Mumbai: The Reserve Bank of India (RBI) on Monday published draft framework for authorisation of a new pan India umbrella organization for retail payment systems.

The central bank has invited comments on the draft framework from all stakeholders by February 25.

 

At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT