RBI issues framework for outsourcing payment, settlement activities by PSOs1 min read 03 Aug 2021, 06:02 PM IST
Payment service operators (PSOs) have been asked to comply with the framework by March 31, 2022
This framework is issued under provisions of Payment and Settlement Systems Act, 2007, RBI stated
Reserve Bank of India (RBI) has issued a framework for payment and settlement related activities by payment system operators. The central bank has asked the operators to ensure compliance with the framework for all their outsourcing arrangements by March 31, 2022.
Select your Category