Highlights of RBI’s Statement on Development and Regulatory Policies
RBI has set out key development and regulatory policies to enhance regulation, inclusion and market efficiency.
Digital Payments
SAM & Co. advises NPCI International Payments Ltd. on its strategic partnership with PayPal Network Pte. Ltd
This initiative represents a significant leap forward in expanding UPI’s global reach and redefining the future of cross-border payments for millions of Indian consumers and merchants.
PhonePe Fined ₹21 Lakh by RBI over PPI Compliance Breach
RBI has imposed a ₹21 lakh penalty on PhonePe for failing to comply with PPI guidelines, citing escrow account shortfalls and reporting lapses during its October 2023—December 2024 inspection.
Supreme Court advocates direct bank transfer of compensation to streamline motor accident claims process
“Our country has done wonders in digital payment transactions. It is a matter of common knowledge that now under various schemes of the Government, funds are transferred to the beneficiaries directly in their bank accounts. As per the rough estimate, about 80% of the adult population in the country have bank accounts.”
NLIU-Ikigai Policy Case Competition by NLIU Cell for Law and Technology and Ikigai Law: Register Now!
About the NLIU Cell for Law and Technology (NLIU-CLT) The NLIU Cell for Law and Technology (NLIU-CLT) was constituted at
RBI | Digital Payment Security Controls: Master Direction on minimum standards of security controls for digital payment
Master Direction on Digital Payment Security Controls The Master Direction provides necessary guidelines for the Regulated Entities (Scheduled Commercial Banks, Small Finance
NLSIU | Webinar on Digital Payments and Legal Challenges
Reported by Devansh Kaushik