JSA Newsletter FinTech – Twelfth Edition

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


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