The RBI has recognised the Self-Regulated PSO Association (SRPA) as an SRO for payment system operators, marking a key step ...
The omnibus framework contains broad parameters such as objectives, responsibilities, eligibility criteria, governance ...
RBI recognises SRPA as the SRO for digital payment firms, strengthening governance and compliance for Payment System ...
SRPA will now operationalise its governance, compliance, and supervisory mechanisms in alignment with the RBI’s framework ...
Any shortfall in this account will attract a penalty equivalent to either the prevailing Standing Lending Facility rate – currently 11.50% – or Tk30 lakh, whichever is lower ...
Inquirer Business on MSN
BSP seeks tighter rules for payment system reporting lapses
The Bangko Sentral ng Pilipinas (BSP) is seeking tougher penalties for payment system operators that fail to meet regulatory reporting standards, aiming to strengthen a key data source the central ...
Operator-backed Buyster will launch its payment service, which aims to make online transactions more secure using mobile phones, on Sept. 13, the company said on Thursday. Buyster was born in February ...
FedNow will be the first of its kind central bank instant payment system in the US and could revolutionize how businesses and consumers pay and receive money. But not everyone is prepared for it.
The move follows the RBI’s Framework for Recognition of Self-Regulatory Organisations for Payment System Operators issued in October 2020 and the Omnibus Framework for Recognition of SROs for ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback