Policy Paper on Retail Payments Authorisation

Posted 26 April 2019 in awareness, policy; tagged with consultation, policy, policytracker

Introduction

On Jan 21,2019 Reserve Bank of India put out a policy paper on authorisation of retail payment systems, with a view to minimize the concentration risk in retail payment systems, from a financial stability perspective and to foster innovation and competition.

• Announcement
• Twitter Hashtag - #RetailPaymentsAuthorization

Media Articles

• RBI Encourages More Payments Companies To Enter Country’s Fintech Market, 22 January 2019, Inc42
• RBI should drive the initiative to set up new NPCI: former MD Hota, 04 February 2019, Livemint
• Global ePayment firms make a wishlist for RBI, 04 April, 2019, Economic Times
• Independence in payments regulation – Is this the need of the hour?, 11 April, 2019, Fortune India

Policy Perspetives / Submissions

• Business Correspondants Federation of India Submission, 04 February 2019, BCFI

• CashlessConsumer Submission, 20 February 2019, CashlessConsumer