Search Results for Tag : Payment System

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RBI releases framework for geo-tagging of payment system touch points(25.03.2022)

RBI releases geo-tagging of payment system touch points. In recent years, the payments ecosystem in India has witnessed rapid developments with a bouq.....

Tags : Geo-tagging, Payment system, Release

Notifications & Circulars

RBI imposes monetary penalty on two Payment System Operators(20.10.2021)

The Reserve Bank of India (RBI) had, by an order dated October 01, 2021, imposed a monetary penalty of Rs.1 crore (Rupees one crore only) on Paytm Pay.....

Tags : Penalty, Imposition, Payment System Operators

Reserve Bank of India releases Discussion Paper on Charges in Payment Systems(17.08.2022)

1. As announced in the Statement on Developmental and Regulatory Policies dated December 08, 2021, the Reserve Bank of India (RBI) has today released .....

Tags : Discussion Paper, Charges, Payment Systems

Restraining of Unauthorized Payment System(15.02.2024)

1. It has come to the notice of Reserve Bank of India that a Card Network had an arrangement that enables businesses to make card payments through cer.....

Tags : Restraining, Unauthorized, Payment System

RBI publishes daily data of select payment systems(04.06.2020)

The Reserve Bank published settlement data of select payment systems. It captures volume and value of transactions undertaken in payments systems oper.....

Tags : Settlement Data, Payment systems, Publishing of

News

Delhi HC: Payment Aggregators Fall Within Definition of Payment System(19.09.2022)

Delhi High Court has held that payment aggregators fall within the definition of designated payment system under Section 23A of the Payment and Settle.....

Tags : Delhi High Court, Payment System, RBI

CBDT Grants TDS Exemption for Seven Transactions(23.06.2016)

Central Board of Direct Taxes (CBDT) has helped improve cash flows for Payment System Companies by exempting seven types of transactions from TDS obli.....

Tags : Central Board of Direct Taxes , TDS, Payment System Companies

RBI Issues Guidelines on 'On Tap' Authorisation on Payment Systems(16.10.2019)

Reserve Bank of India has issued guidelines on 'on tap' authorisation of payment systems, including minimum networth criteria for different players, w.....

Tags : RBI, Payment Systems

RBI: Small Finance Banks Can Join Payment System(23.12.2015)

Reserve Bank of India (RBI) has said that entities who received in-principle approval for setting up payments banks and small finance banks can join a.....

Tags : Reserve Bank of India, payment system