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RBI has decided to regulate entities facilitating payment and settlement for online cross border export / import transactions as Payment Aggregators - Cross Border (PA-CB) under the Payment and Settlement Systems Act, the central bank said in a circular.
Get latest articles and stories on Latest News at LatestLY. The Reserve Bank on Thursday brought all entities facilitating cross-border payment transactions for the import and export of goods and services under its direct regulation. Latest News | RBI Bring Entities Facilitating Cross-border Payment Transactions Under Its Direct Regulation.
ISLAMABAD: The remittance gateways licensed by the State Bank of Pakistan (SBP) are among the financial institutions...
Razorpay, Cashfree, Paytm and PayU cannot add merchants for their online payments business, this has allowed their rivals to grab market share
Happy Monday! Almost a year after the countrys central bank imposed a freeze on onboarding new merchants for online payment firms, they have been forced to scout for alternative revenue sources.