IFSCA to come out with norms to help regulated entities settle payments instantly: Chairman
"We are coming up with payments regulations shortly, maybe in the next few months. This will enable regulated entities to provide these services to ensure instant settlement of payments," IFSCA Chairman K Rajaraman said while addressing the global fintech festival here. Currently, such payments are cleared through the banking system, which is time-consuming.
Source: indiatimes.com
