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6 search results for "payment gateways"

Clarification on merchant onboarding requirements under the Regulation of Payment Aggregators and Payment Gateways

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Based on feedback from industry, NASSCOM recently made a representation to the Reserve Bank of India (RBI) on a particular ambiguity in the Guidelines on Regulation of Payment Aggregators (PA) and Payment Gateways (PG) published by it on March 17, 2020 (Guidelines). This pertains to merchant onboarding requirements under Sections 7.3 and 7.4 of the Guidelines. The provisions in the final Guideline...

NASSCOM’s Representation to RBI on extending the implementation date of Guidelines on Regulation of Payment Aggregators and Payment Gateways

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Context On 17 March 2020, the Reserve Bank of India (RBI) released Guidelines on Regulation of Payment Aggregators and Payment Gateways , which said that Payment Aggregators (PAs) and Payment Gateways (PGs) are intermediaries playing an important function in facilitating payments in the online space. Accordingly, PAs and PGs have been defined as follows- PAs are entities that facilitate e-commerce...

NASSCOM’s feedback on RBI’s ‘Discussion Paper on Guidelines for Payment Gateways and Payment Aggregators’

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We thank the Reserve Bank of India (RBI) for this opportunity to present our views and suggestions on the Discussion Paper on Guidelines for Payment Gateways and Payment Aggregators (Discussion Paper). It presents a detailed assessment of the payments ecosystem in the country, covers the various facets of the activities of the Payment Gateways (PG) and Payment Aggregators (PA) and presents differe...

NASSCOM Invite:Policy Roundtable on Regulation of Digital Payments-New Delhi

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Dear Members, NASSCOM is organizing a policy roundtable on regulation of digital payments on October 16, 2019, Wednesday in New Delhi. Time: 11 am to 1 pm (followed by lunch) Venue: “Marigold” Habitat World, at India Habitat Centre, Lodhi Road New Delhi-110003 (Entry from gate number 1 on Lodhi road) RBI has recently released the discussion paper on guidelines for payment gateways and payment aggr...

Request for Inputs: Discussion Paper on Guidelines for Payment Gateways & Payment Aggregators

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Dear Members, On 17 September, the Reserve Bank of India (RBI) issued a discussion paper  on Guidelines for Payment Gateways and Payment Aggregators which seeks to develop a framework to regulate intermediaries such as the payment gateways and payment aggregators, facilitating online payments. These intermediaries shall be authorised under the Payment and Settlement Systems Act, 2007 (PSSA), sugge...

Policy Brief: Guidelines for Payment Gateways and Payment Aggregators

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Context On 17 September, the Reserve Bank of India (RBI) issued a discussion paper on Guidelines for Payment Gateways and Payment Aggregators which seeks to develop a framework to regulate intermediaries such as the payment gateways and payment aggregators, facilitating online payments. These intermediaries shall be authorised under the Payment and Settlement Systems Act, 2007 (PSSA), suggests the...