RBI to give some non-banks access to payments systems
Indian central bank to allow non-bank payment service providers to use payments architecture
The Reserve Bank of India will start allowing some non-bank payment services providers to use two key national payments systems.
The RBI also announced it will switch off its real-time gross settlement (RTGS) system for 14 hours on April 18 while it undergoes a technical upgrade.
On April 7, the central bank said it would expand access to both its RTGS and National Electronic Funds Transfer (Neft) systems to regulated, non-bank payment service providers. Access will be granted in a “phased
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com