RBI issues Discussion Paper on Charges in Payment Systems

Aug 17, 2022 | by TeamLease RegTech Legal Research Team

Loading audio.....

Finance & Taxation ComplianceThe Reserve bank of India (RBI) on Aug 17, 2022 has issued Discussion Paper on Charges in Payment Systems.

The following has been stated namely: -

• RBI aims to ease frictions which may arise from systemic, procedural or revenue related issues. Further, the charges for payment services to be reasonable and competitively determined for users while also providing optimal revenue stream for the intermediaries.

• The discussion paper covers all aspects relating to charges in payment systems and various payment, etc.

• Feedback and other relevant suggestions may be sent through email on or before October 3, 2022.

Please refer to the notification for further information on the above-stated discussion paper as well as the link to send in the suggestions.

 

 


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.