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Reserve Bank of India Publishes Draft Framework for New Pan-India Payment System

Image for representation.

Image for representation.

The central bank has invited comments on the draft framework from all stakeholders by February 25.

Mumbai: The Reserve Bank of India (RBI) on Monday published draft framework for authorisation of a new pan India umbrella organization for retail payment systems.

The central bank has invited comments on the draft framework from all stakeholders by February 25. At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.

first published:February 11, 2020, 08:26 IST