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  Business   In Other News  11 Feb 2020  RBI publishes draft framework for new payment system

RBI publishes draft framework for new payment system

REUTERS
Published : Feb 11, 2020, 11:15 am IST
Updated : Feb 11, 2020, 11:15 am IST

At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.

The central bank has invited comments on the draft framework from all stakeholders by February 25.
 The central bank has invited comments on the draft framework from all stakeholders by February 25.

Mumbai: The Reserve Bank of India (RBI) on Monday published draft framework for authorisation of a new pan India umbrella organization for retail payment systems.

The central bank has invited comments on the draft framework from all stakeholders by February 25.

 

At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.

Tags: rbi, npci
Location: India, Maharashtra, Mumbai (Bombay)