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A Critical Review of the Draft RBI Payment Aggregator Directions of April 16, 2024

A Critical Review of the Draft RBI Payment Aggregator Directions of April 16, 2024

Partner, Avisha Gupta and Associate, Eishani Patnaik have recently authored an article titled, ‘A Critical Review of the Draft RBI Payment Aggregator Directions of April 16, 2024’, published on Mondaq.

With the aim to enhance the transparency, security, and reliability of payment services in India, RBI released draft directions (Draft Directions) broadening the ambit of its payment aggregator (PA) regulations to include physical point-of-sale (P-POS) payment providers, on April 16, 2024.

The article covers significant aspects of the Draft Directions along with its background and impact on Payment Aggregators.

Originally published at www.mondaq.com

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