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Corporate Laws Central Ministry of Finance Reserve Bank of India Act, 1934

Guidelines on Regulation of Payment Aggregators and Payment Gateways

31-Mar-2021 | RBI/2020-2021/117 CO.DPSS.POLC.No.S33/02-14-008/2020-2021

RBI vide circular DPSS.CO.PD.No.1810/02.14.008/2019-20 dated March 17, 2020 and circular DPSS.CO.PD No.1463/02.14.003/2018-19 dated January 08, 2019 had issued a framework on Guidelines on Regulation of Payment Aggregators and Payment Gateways on Tokenisation -Card transactions, respectively. Now the timeline for non-bank Payment Aggregators has been extended by 6 months, i.e., till December 31, 2021, to enable the payment system providers and participants to put in place workable solutions, such as tokenization, within the framework set out in the said circulars.

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