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12 Wochen kostenlos: Der CallYa Digital Tarif-Knaller von Vodafone

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Payments Council of India to bid for digital payments self-regulatory body

4 hours ago The Payments Council of India (PCI), an industry body for digital payment operators in the country, is in the final stages of submitting its independent application to become a self-regulatory organisation (SRO) for digital payments, under the Reserve Bank of India’s mandate, said two sources aware of the development. The PCI, which operates under the Internet and Mobile Association of India (IAMAI), will float a new not-for-profit entity which would serve as the SRO entity, and is looking to on-board various stakeholders and other industry associations as members apart from existing payments companies, they said on the condition of anonymity.

IAMAI, iSPIRT in fray to set up regulatory body for digital payments in India

Exclusive: IAMAI, iSPIRT in fray to set up regulatory body for digital payments in India SECTIONS Share Synopsis Under the RBI’s Self-Regulatory Organisation (SRO) framework, the regulatory body will liaison between the industry, government and regulators for streamlining policy and resolving disputes. ETtech (Illustration: Rahul Awasthi/ETtech) Mumbai/Bengaluru: India’s two most influential technology and internet associations are in the fray to set up an industry body to supervise the country’s burgeoning digital payments ecosystem under Reserve Bank of India’s Self-Regulatory Organisation (SRO) framework, three sources aware of the matter told ET. The Internet and Mobile Association of India (IAMAI), an industry body of all the leading internet and technology companies in the country, is preparing a proposal led by its digital payments arm, the Payments Council of India (PCI). The Indian Banks’ Association (IBA) is also considering joining the bid with PCI to for

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