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rbi cross-border payment aggregators: RBI issues rules to regulate cross-border payment aggregators

The central bank sad that non-banks that provide cross-border payment aggregator (PA) services will have to apply for an authorisation from the regulator by April 30, 2024. ....

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RBI turns down Paytm's application for payment aggregator licence, asks to resubmit plea in 120 days

Paytm PA plea: RBI’s PAs guidelines state that a single entity cannot continue to provide an e-commerce marketplace along with payment aggregator services. Such payment aggregator services must be separated from the e-commerce marketplace business. ....

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