New Guidelines Regulating Payment Aggregators (and Payment Gateways) in India
The Reserve Bank of India (RBI) recently issued guidelines to regulate payment aggregators (PA) and payment gateways (PG) that act as intermediaries facilitating online payments. The guidelines go into effect from April 1, 2020. Who is Covered? The guidelines define PAs as entities that facilitate e-commerce sites and merchants to accept various payment instruments from […]