Developments in the FinTech Sector – Ninth Edition, 2021
The Reserve Bank of India (“RBI”) has recently streamlined the Quick Response (“QR”) code infrastructure in India and allowed a prepaid instrument issuer or a payment aggregator to maintain an additional escrow account in a different scheduled commercial bank.
Other recent developments included the RBI granting permanent certificate of authorization to Payment System Operators under the Payment and Settlement Systems Act, 2007, announcing opening of the second cohort under the Regulatory Sandbox, etc.
For furthur details, please refer to the below document.
This Newsletter has been prepared by the JSA FinTech Team [email protected]). For further details, please contact [email protected]
