comparemela.com

Latest Breaking News On - இந்தியன் நிதி வலைப்பின்னல் - Page 1 : comparemela.com

Non Payment PSPs Get a Nod to Join RBI s CPS

By siliconindia  |  Thursday, 29 July 2021, 04:43 Hrs The Reserve Bank of India (RBI) has decided to allow non-bank cost system suppliers (PSPs), together with pay as you go cost devices (PPI) issuers such as cellular wallets, card networks and white label ATM operators to participate within the Centralised Processing System (CPS) as direct members. The RBI transfer first hinted in April 2021 means allotment of a separate Indian Financial System Code (IFSC) to non-banks, opening a present account with the RBI in its core banking system (e-Kuber) and sustaining a settlement account with the RBI. It could even imply membership of Indian Financial Network (INFINET) and utilize of Structured Financial Messaging System (SFMS) to speak with CPS.

© 2025 Vimarsana

vimarsana © 2020. All Rights Reserved.