Discussion Paper on ‘Charges in Payment Systems’
The discussion paper on ‘Charges in Payment Systems’ was released by the Department of Payment and Settlement Systems of the Reserve Bank of India (“RBI”). The RBI published the discussion paper wherein it has acknowledged the need to assess and identify changes required to the way charges are levied by payment systems and payment intermediaries. The RBI has sought feedback from industry stakeholders on these matters and has raised several questions regarding the commercial arrangements and regimes applicable to specific payment systems.
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