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RBI proposes to relax norms for new players' entry in retail payment

Updated : January 21, 2019 11:10 PM IST

The RBI has been issuing guidelines for various payment systems and grants authorisation to non-banks for setting up and operating payment systems.
Licensed banks also need to obtain specific permission from Reserve Bank for setting up and operating a payment system.
RBI proposes to relax norms for new players' entry in retail payment

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