JSA Newsletter – FinTech | Tenth Edition, 2021

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]

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