Tagged: payments council of india

Payments Council of India Welcomes RBI’s Move to Permit Approved Non Bank Payment Providers to Participate in Centralized Payment Systems

July 30, 2021 @ 9:04 pm By Omar Faridi |

Welcoming the Reserve Bank of India’s (RBI) move to permit authorized or approved non-bank payment system providers to take part in centralized payment systems (CPS), the Payments Council of India (PCI), the nation’s largest industry body for the non-banking digital payments ecosystem, has confirmed that… Read More

Read more in: Fintech, Asia, General News, Politics, Legal & Regulation | Tagged digital payments, digital transactions, financial inclusion, iamai, india, internet and mobile association of india, payments, payments council of india, rbi, reserve bank of india, virtual payments

Reserve Bank of India’s New Guidelines for Payment Aggregators May Increase Number of Digital Commerce Transactions

March 18, 2020 @ 7:26 am By Omar Faridi |

The Reserve Bank of India (RBI), the nation’s central bank, has announced that it will be lowering the capital requirements for payment aggregators. This move may further increase the number of digital transactions carried out in the country. The RBI noted in a statement published… Read More

Read more in: Asia, Fintech, Politics, Legal & Regulation | Tagged digital commerce, digital payments, digital transactions, e-commerce, india, payments council of india, pci, rbi, reserve bank of india