Developments in the FinTech Sector – Twelfth Edition, 2021
The Reserve Bank of India (“RBI”) issues a Framework for Outsourcing of Payment and Settlement-related activities by payment system operators to mitigate risks and enforce minimum security controls. Other recent significant developments in the sector include:
- New Master Directions on prepaid payment instruments (PPIs) issued by the RBI
- Updated Tokenisation Framework
- Merchant Acquisition Standards for Acquiring Member Banks issued by NPCI
For further details, please refer to the below document.
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