By siliconindia | Thursday, 29 July 2021, 04:43 Hrs The Reserve Bank of India (RBI) has decided to allow non-bank cost system suppliers (PSPs), together with pay as you go cost devices (PPI) issuers such as cellular wallets, card networks and white label ATM operators to participate within the Centralised Processing System (CPS) as direct members. The RBI transfer first hinted in April 2021 means allotment of a separate Indian Financial System Code (IFSC) to non-banks, opening a present account with the RBI in its core banking system (e-Kuber) and sustaining a settlement account with the RBI. It could even imply membership of Indian Financial Network (INFINET) and utilize of Structured Financial Messaging System (SFMS) to speak with CPS.