Developments in the FinTech Sector – Fifteenth Edition, 2022
This edition of the FinTech Newsletter focuses on the latest significant regulatory updates including:
- inter-operable card-less cash withdrawal framework launched by RBI,
- requirement of prior approval from RBI for takeover/ acquisition of control of non-bank payment system operators and sale/transfer of payment system activity to a non-bank PSO,
- extension of card-on-file tokenization timeline,
- RBI’s draft master directions on ‘outsourcing of information technology services’,
- RBI’s ban on loading prepaid payment instruments through credit lines,
- zero merchant discount rate policy on unified payments interface and RuPay,
- increase in e-mandate limit for recurring transactions,
- central board of direct tax guidelines for taxation of virtual digital assets, and
- RBI’s ‘Payments Vision 2025’.
For further details, please refer to the below document.
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