RBI has released the framework for the outsourcing of payment and settlement-related Activities by ‘Payment System Operators’ (‘PSO’). It applies to non-bank PSOs as it relates to their payment and settlement-related activities. It seeks to put in place minimum standards to manage risks in outsourcing of payment and settlement-related activities. The framework does not apply to activities other than those related to payment services.RBI has released the framework for the outsourcing of payment and settlement-related Activities by ‘Payment System Operators’ (‘PSO’). It applies to non-bank PSOs as it relates to their payment and settlement-related activities. It seeks to put in place minimum standards to manage risks in outsourcing of payment and settlement-related activities. The framework does not apply to activities other than those related to payment services.taxmann.com Latest Statutory HappeningsRead More
