Governing the Gateways: Ambiguities in RBI’s Guidelines on Payment Aggregators

The Reserve Bank of India (RBI) recently released its guidelines for payment aggregators and gateways almost six months after it had first proposed several possible approaches to regulate payment intermediaries. Though several industry players have welcomed this long-awaited move as a step in the right direction, a closer look at the guidelines raises several unsettling questions.

Please click here to read the full article.