RBI extends timeline by six months to implement new framework for non-bank Payment Aggregators

Based on the representations received from the industry seeking additional time for implementing new rules for payment gateways and online merchant, the RBI has decided, as a one-time measure, to extend the timeline for non-bank PAs by six months, i.e., till December 31, 2021, to enable the payment system providers and participants to put in place workable solutionsBased on the representations received from the industry seeking additional time for implementing new rules for payment gateways and online merchant, the RBI has decided, as a one-time measure, to extend the timeline for non-bank PAs by six months, i.e., till December 31, 2021, to enable the payment system providers and participants to put in place workable solutionstaxmann.com Latest Statutory HappeningsRead More

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