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 ...

The RBI has recognised the Self-Regulated PSO Association (SRPA) as an SRO for payment system operators, marking a key step ...

SRPA will now operationalise its governance, compliance, and supervisory mechanisms in alignment with the RBI’s framework ...

With this new status, SRPA will act as the point of contact between RBI and firms operating within India’s payments ecosystem ...

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 ...

MANILA, Philippines - 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 ...

The Saudi Central Bank (SAMA) announced the release of an updated draft of the “Oversight Framework for Payment Systems and ...

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 ...

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 ...