Photo of Bharath Sridhar

Senior associate in the general corporate and Financial Regulatory Practice at the Mumbai office of Cyril Amarchand Mangaldas. Bharath advises Indian and multinational financial services clients on transactional (including strategic investments, private equity, M&A), corporate commercial contracts, regulatory and enforcement matters. He can be reached at bharath.sridhar@cyrilshroff.com

FIG Papers No. 6 - Series–2 RBI Payment Regulations – 2009 to 2021 - Bank ‘nodals’ to PA PG licenses Blog

Introduction:

In our previous FIG Paper, we shared key learnings from our experience in connection with the payment aggregator and payment gateway guidelines (“PA/PG Guidelines”) issued by the Reserve Bank of India (“RBI”) on March 17, 2020. Based on representations received from various industry associations and payment intermediaries, the RBI has formalised the clarifications (initially issued on September 17, 2020) relating to the PA/PG Guidelines on March 31, 2021 (“Clarifications”).
Continue Reading FIG Papers (No. 6: Series–2) RBI Payment Regulations – 2009 to 2021: Bank ‘nodals’ to PA/PG licenses!