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RBI issues regulations to govern payment aggregators in cross-border transactions

The RBIs regulations aim to bring all entities involved in facilitating cross-border payment transactions for the import and export of goods and services under direct RBI regulation, considering the developments in cross-border payments. This includes Authorised Dealer (AD) banks, PAs, and PAs-CB (Payment Aggregators for Cross-Border transactions).
Reserve Bank Payment Aggregators Authorised Dealer Cross Border Transactions Central Bank Payment Gateways

Razorpay Launches 'Optimizer' AI-Powered Payment Routing System To Help Businesses From Annual Losses Due To Transaction Failures

By using real-time data, Optimizer helps reduce the number of failed transactions caused due to server downtime or service degradation amongst any PG and improves the transaction success rate, the company explained. �� Razorpay Launches 'Optimizer' AI-Powered Payment Routing System To Help Businesses From Annual Losses Due To Transaction Failures.
New Delhi Khilan Haria Machine Learning Payment Aggregators Payment Gateways Apple Devices Offer New Features

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