by AIP Online Bureau | Apr 16, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology
The RBI said that given the growth in digital transactions and the significant role that PAs play in this space, the current directions on PAs are proposed to be updated and cover, inter alia, KYC and due diligence of merchants, operations in Escrow accounts, and...
by AIP Online Bureau | Sep 30, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology
RBI, Governor Shaktikanta Das said there will be ”convergence on standards of data collection and storage” after the move, meaning that such companies will not be able to store details like those of credit and debit cards of a customer Mumbai: Regulations...
