RBI extends due date for NPCI-rival NUE
Top Searches
RBI extends due date for NPCI-rival NUE
TNN / Updated: Feb 27, 2021, 12:11 IST
FacebookTwitterLinkedinEMail
(Representative image)
MUMBAI: The RBI has extended the deadline for submitting applications to set up a new umbrella entity (NUE) in the payments system that will rival the National Payments Corporation of India (NPCI). Earlier, interested parties were to submit their application by February 26, which has now been extended to March 31.
According to the RBI, it had received requests from various stakeholders to extend the timeline. “Keeping in view the Covid-related disruptions and inconveniences. It has been accordingly decided to extend the timeline for making the application,” RBI said in a statement.