Developments in the FinTech Sector – Tenth Edition, 2021
The National Payments Corporation of India had recently imposed a condition on third party application providers (TPAPs) to ensure that the total volume of transactions initiated through a single TPAP’s UPI application does not exceed 30% of the total volume of transactions processed in the UPI system. Other recent developments in the sector included:
- RBI Master Direction on Digital Payment Security Controls;
- RBI extension of deadline for compliance under Payment Aggregators and Payment Gateways Guidelines;
- RBI extension of deadline for compliance with its framework for processing e-mandates, etc.
For further 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]