Technology Law Analysis
August 01, 2024
From Click to Brick: Proposal to Expand Payment Aggregator Guidelines for Online and Offline Transactions

This article was first published in The National Law Review (July 29, 2024).

Earlier this year, the Reserve Bank of India (RBI) released draft directions proposing to amend the currently applicable Payment Aggregators guidelines issued on March 17, 2020 followed by clarifications on March 31, 2021 (PA Guidelines). The proposed draft directions largely intend to cover in-person payment options which will bring forth a significant change in the applicability of the PA Guidelines, especially in relation to various offline fintech business models (PA-P Circular).

Please click here for our detailed article.

 

Authors:

- Rhythm Vijayvargiya and Huzefa Tavawalla 

You can direct your queries or comments to the relevant member.

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.

Technology Law Analysis

August 01, 2024

From Click to Brick: Proposal to Expand Payment Aggregator Guidelines for Online and Offline Transactions

This article was first published in The National Law Review (July 29, 2024).

Earlier this year, the Reserve Bank of India (RBI) released draft directions proposing to amend the currently applicable Payment Aggregators guidelines issued on March 17, 2020 followed by clarifications on March 31, 2021 (PA Guidelines). The proposed draft directions largely intend to cover in-person payment options which will bring forth a significant change in the applicability of the PA Guidelines, especially in relation to various offline fintech business models (PA-P Circular).

Please click here for our detailed article.

 

Authors:

- Rhythm Vijayvargiya and Huzefa Tavawalla 

You can direct your queries or comments to the relevant member.

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.