RBI Allows Authorised Payments System Providers To Offer RTGS, NEFT

RBI allows direct access to authorised PSPs in the first phase, as it opens its centralised payments systems to non-banks.

The Reserve Bank of India (RBI) logo is displayed on a wall inside the central bank’s regional headquarters in New Delhi, India,  (Photographer: T. Narayan/Bloomberg). 

The Reserve Bank of India, on Wednesday, issued operational guidelines allowing non-bank payments system providers offer real-time gross settlement and national electronic fund transfer services.

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