Business How to make private payment processing entities work Updated : February 14, 2020 12:48 PM IST The RBI has announced a radical reform as it opens up the opportunity for private sector participation in payment infrastructure. A payment transaction, at its core, is transfer of value from one value container to another. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.