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RBI relaxes regulatory guidelines for digital payments companies

Shortpedia

Content Team

In a bid to offer relaxations in compliances, RBI has decided to extend the timeline for compliance in respect of a few areas for digital and other payment companies. RBI chief general manager P Vasudevan in the order said that keeping in view the present situation it has been decided to extend the timeline under Section 10(2) read with Section 18 of the Payment and Settlement Systems Act, 2007 (Act 51 of 2007).