Payment and Settlement Systems Act 2007 Current Affairs, GK & News

RBI: Relaxations in Card Storage Norms

Reserve Bank of India (RBI) recently revised its guidelines on payment aggregators as well as reopened the window to grant licences until September 30, 2022. Before the new guidelines, online non-bank payment aggregators (PAs) were needed to apply to RBI by September 30, 2021 to get authorisation under Payment and Settlement Systems Act, 2007. Highlights ..