The Reserve Bank of India (RBI) has imposed strict rules for payment aggregators, mandating a minimum net worth limit of ₹25 crore.
Reserve Bank of India (RBI)has issued final guidelines for payment aggregators, which emphasize stricter requirements for authorization, governance and fund management. The initiative is designed to increase transparency and strengthen security standards in India’s rapidly growing digital payments sector. RBI imposes new capital requirements for non-bank aggregators RBI Under the revised form, any payment in the … Read more