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Payment System


  • Licensing process for Payment Banks: Guidance on the setting up of a payment bank, (as and when the regulator opens the window for licensing) in terms of the guidelines prescribed by the regulator
  • Authorisation process for payment system operators: Guidance for Authorisation for payment system operators in terms of the provision under the Payment and Settlement System Act, 2007.
  • Consultancy and advisory functions for obtaining license, issuance and management of payment products.
  • Regulatory guidelines: General guidance under the Payment and Settlement Act 2007 and also compliance with the guidelines provided by the Reserve Bank of India on the Payment system products, processes and methodology
  • Compliance functions: Compliance in terms of the provisions under the Payment and Settlement Act, 2007 and policy prescriptions from the RBI.