India: Adopted Guidelines on Regulation of Payment Aggregators and Payment Gateways including data localisation requirement
Description
Adopted Guidelines on Regulation of Payment Aggregators and Payment Gateways including data localisation requirement
On 17 March 2020, the Reserve Bank of India (RBI) adopted the Guidelines on Regulation of Payment Aggregators (PAs) and Payment Gateways (PGs). The Guidelines include a series of technology-related recommendations, which are considered mandatory for…
Scope
Policy Area
Data governance
Policy Instrument
Data localisation requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central bank