{"id":315164,"date":"2024-02-23T18:30:57","date_gmt":"2024-02-23T13:00:57","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=315164"},"modified":"2024-02-23T18:00:38","modified_gmt":"2024-02-23T12:30:38","slug":"rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/","title":{"rendered":"RBI advises NPCI to examine request of One97 Communication Ltd to become a Third-Party Application Provider"},"content":{"rendered":"
\n

On 23-2-2024, the Reserve Bank of India (‘RBI’<\/span>) laid down additional steps that has to be followed by the Paytm Payments Bank Ltd. (‘Paytm Bank’<\/span>) along the with the business restrictions that were imposed on the Paytm Bank earlier<\/a>.<\/p>\n

Key Points:<\/p>\n

    \n
  1. \n

    Need-<\/p>\n

      \n
    • \n

      To ensure seamless digital payments by UPI customers using “@paytm”<\/span> handle.<\/p>\n<\/li>\n

    • \n

      To minimize the risk in the UPI system by having multiple payment application providers.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n

    • \n

      Additional Steps:<\/p>\n

        \n
      • \n

        RBI has advised the National Payments Corporation of India (‘NPCI’<\/span>) to examine the request of One97 Communication Ltd. (‘OCL’<\/span>) to become a Third-Party Application Provider (‘TRAP’<\/span>) for UPI channel for continued UPI operation of the Paytm app.<\/p>\n<\/li>\n

      • \n

        Further, it has been advised that in case NPCI grants TRAP status to OCL, the migration of “@paytm” handles should be migrated in a seamless manner from Paytm bank to other any other newly identified bank.<\/p>\n

        No new users will be added by the TRAP until all existing users have been migrated to a new handle.<\/p>\n<\/li>\n

      • \n

        NPCI can facilitate certification of 4-5 banks as Payment Service Provider (‘PSP’<\/span>) Banks having capabilities to process high volume UPI transactions to make the migration seamless. This will also minimize concentration risk.<\/p>\n<\/li>\n

      • \n

        OCL can open settlement accounts with one or more PSP Banks for the merchants using PayTM QR Codes.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n

      • \n

        Clarification:<\/p>\n

          \n
        • \n

          No action is required for customers having UPI address other than “@paytm”.<\/p>\n<\/li>\n

        • \n

          Customers having underlying account\/ wallet with Paytm Bank, holders of Fastag and National Common Mobility Cards have been advised to make alternative arrangements with other banks before 15-3-2024.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

          RBI lays down additional steps to be followed by Paytm Payments Bank Ltd.<\/p>\n","protected":false},"author":67515,"featured_media":315168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[65699,37291,52710,64880,65698,39075],"class_list":["post-315164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislationupdates","category-notifications","tag-payment-service-provider-banks","tag-payments","tag-paytm","tag-paytm-payments-bank","tag-third-party-application-provider","tag-upi"],"yoast_head":"\nAdditional Steps imposed by RBI on Paytm Bank | SCC Blog<\/title>\n<meta name=\"description\" content=\"Reserve Bank of India laid down additional steps that has to be followed by the Paytm Payments Bank Ltd. along the with the business restrictions that were imposed on the Paytm Bank earlier.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI advises NPCI to examine request of One97 Communication Ltd to become a Third-Party Application Provider\" \/>\n<meta property=\"og:description\" content=\"Reserve Bank of India laid down additional steps that has to be followed by the Paytm Payments Bank Ltd. along the with the business restrictions that were imposed on the Paytm Bank earlier.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-23T13:00:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Paytm-Payments-Bank-Ltd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"886\" \/>\n\t<meta property=\"og:image:height\" content=\"590\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kriti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"RBI advises NPCI to examine request of One97 Communication Ltd to become a Third-Party Application Provider\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kriti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/\",\"name\":\"Additional Steps imposed by RBI on Paytm Bank | SCC Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Paytm-Payments-Bank-Ltd.webp\",\"datePublished\":\"2024-02-23T13:00:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/eba3a7deccde6b0aee12e1ce38c5ccfd\"},\"description\":\"Reserve Bank of India laid down additional steps that has to be followed by the Paytm Payments Bank Ltd. along the with the business restrictions that were imposed on the Paytm Bank earlier.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Paytm-Payments-Bank-Ltd.webp\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Paytm-Payments-Bank-Ltd.webp\",\"width\":886,\"height\":590,\"caption\":\"Paytm Payments Bank Ltd.\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"RBI advises NPCI to examine request of One97 Communication Ltd to become a Third-Party Application Provider\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/eba3a7deccde6b0aee12e1ce38c5ccfd\",\"name\":\"Kriti\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd399db894c8c7120c1692bc4678f14b48d0de98ac8612d875dfe6be68c65940?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd399db894c8c7120c1692bc4678f14b48d0de98ac8612d875dfe6be68c65940?s=96&d=mm&r=g\",\"caption\":\"Kriti\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/scc_8\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Additional Steps imposed by RBI on Paytm Bank | SCC Blog","description":"Reserve Bank of India laid down additional steps that has to be followed by the Paytm Payments Bank Ltd. along the with the business restrictions that were imposed on the Paytm Bank earlier.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/","og_locale":"en_US","og_type":"article","og_title":"RBI advises NPCI to examine request of One97 Communication Ltd to become a Third-Party Application Provider","og_description":"Reserve Bank of India laid down additional steps that has to be followed by the Paytm Payments Bank Ltd. along the with the business restrictions that were imposed on the Paytm Bank earlier.","og_url":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2024-02-23T13:00:57+00:00","og_image":[{"width":886,"height":590,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Paytm-Payments-Bank-Ltd.jpg","type":"image\/jpeg"}],"author":"Kriti","twitter_card":"summary_large_image","twitter_title":"RBI advises NPCI to examine request of One97 Communication Ltd to become a Third-Party Application Provider","twitter_misc":{"Written by":"Kriti","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/","url":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/","name":"Additional Steps imposed by RBI on Paytm Bank | SCC Blog","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Paytm-Payments-Bank-Ltd.webp","datePublished":"2024-02-23T13:00:57+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/eba3a7deccde6b0aee12e1ce38c5ccfd"},"description":"Reserve Bank of India laid down additional steps that has to be followed by the Paytm Payments Bank Ltd. along the with the business restrictions that were imposed on the Paytm Bank earlier.","breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Paytm-Payments-Bank-Ltd.webp","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Paytm-Payments-Bank-Ltd.webp","width":886,"height":590,"caption":"Paytm Payments Bank Ltd."},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2024\/02\/23\/rbi-lays-down-additional-steps-to-be-followed-by-paytm-payments-bank-legal-news\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"RBI advises NPCI to examine request of One97 Communication Ltd to become a Third-Party Application Provider"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/eba3a7deccde6b0aee12e1ce38c5ccfd","name":"Kriti","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd399db894c8c7120c1692bc4678f14b48d0de98ac8612d875dfe6be68c65940?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd399db894c8c7120c1692bc4678f14b48d0de98ac8612d875dfe6be68c65940?s=96&d=mm&r=g","caption":"Kriti"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/scc_8\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/02\/Paytm-Payments-Bank-Ltd.webp","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":312606,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/01\/31\/rbi-imposes-additional-curbs-on-paytm-payments-bank-legal-news\/","url_meta":{"origin":315164,"position":0},"title":"No acceptance of deposits and other banking services after 29 February; RBI imposes additional curbs on Paytm Payments Bank","author":"Editor","date":"January 31, 2024","format":false,"excerpt":"The restrictions came after persistent non-compliances and continued material supervisory concerns in Paytm Payments Bank Ltd.","rel":"","context":"In "Legislation Updates"","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"RBI imposes curbs on Paytm Payments Bank","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/01\/RBI-imposes-curbs-on-Paytm-Payments-Bank.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/01\/RBI-imposes-curbs-on-Paytm-Payments-Bank.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/01\/RBI-imposes-curbs-on-Paytm-Payments-Bank.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/01\/RBI-imposes-curbs-on-Paytm-Payments-Bank.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":263540,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/03\/11\/rbi-directs-paytm-payments-bank-ltd-to-stop-onboarding-of-new-customers\/","url_meta":{"origin":315164,"position":1},"title":"RBI directs Paytm Payments Bank Ltd to stop onboarding of new customers","author":"Bhumika Indulia","date":"March 11, 2022","format":false,"excerpt":"On March 11, 2022, the Reserve Bank of India Paytm Payments Bank Ltd to stop onboarding of new customers with immediate effect. The bank has also been directed to appoint an IT audit firm to conduct a comprehensive System Audit of its IT system. Onboarding of new customers by Paytm\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/rbi_2.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":292807,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/05\/22\/madras-high-court-holds-paytm-liable-for-unauthorised-transactions-from-customer-account-legal-news\/","url_meta":{"origin":315164,"position":2},"title":"Who is liable for unauthorised transactions via prepaid payment instruments? Madras High Court answers","author":"Apoorva","date":"May 22, 2023","format":false,"excerpt":"Madras High Court said that the RBI guidelines are issued not as a formality, but the entities subjected to the RBI regulations should comply with the conditions of the master circular in its true letter and spirit","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"madras high court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/madras-high-court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/madras-high-court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/madras-high-court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/04\/madras-high-court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":332305,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/10\/03\/navigating-payment-aggregators-under-the-aegis-of-indias-payment-system-and-settlements-act-2007\/","url_meta":{"origin":315164,"position":3},"title":"Navigating Payment Aggregators under the Aegis of India’s Payment System and Settlements Act, 2007","author":"Bhumika Indulia","date":"October 3, 2024","format":false,"excerpt":"by Kandarp Raj Dipankar","rel":"","context":"In "Op Eds"","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"India's Payment System","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Indias-Payment-System-1.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Indias-Payment-System-1.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Indias-Payment-System-1.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Indias-Payment-System-1.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":315944,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/03\/02\/legislation-roundup-february-2024-legal-update\/","url_meta":{"origin":315164,"position":4},"title":"Legislation Roundup February 2024: Criminal Laws Enforcement Notification; One Donor Gamete in Surrogacy; Additional steps for Paytm Bank; and more","author":"Kriti","date":"March 2, 2024","format":false,"excerpt":"MINISTRY OF HOME AFFAIRS New Criminal Laws notified: Will be effective from July 1, 2024 On 23-2-2024, the Ministry of Home Affairs notified the effective date of Bharatiya Nyaya Sanhita, 2023, the Bharatiya Sakshya Adhiniyam, 2023 the Bharatiya Nagarik Suraksha Sanhita, 2023. READ MORE MINISTRY OF HEALTH AND FAMILY WELFARE\u2026","rel":"","context":"In "Legal RoundUp"","block_context":{"text":"Legal RoundUp","link":"https:\/\/www.scconline.com\/blog\/post\/category\/columns-for-roundup\/"},"img":{"alt_text":"Legislation Roundup February 2024","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Legislation-Roundup-February-2024.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Legislation-Roundup-February-2024.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Legislation-Roundup-February-2024.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/03\/Legislation-Roundup-February-2024.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":299772,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/08\/21\/delhi-hc-dismisses-pil-to-cease-google-pays-operations-legal-news\/","url_meta":{"origin":315164,"position":5},"title":"\u2018Google Pay is a mere third-party app provider, no authorization required from RBI\u2019; Delhi HC dismisses PIL to cease Google Pay’s operations","author":"Simranjeet","date":"August 21, 2023","format":false,"excerpt":"\u201cA third-party app such as Google Pay obtains approval from National Payments Corporation of India (\u2018NPCI\u2019) for operating on the UPI platform and RBI has issued the Certificate of Authorisation to the NPCI to operate various retail payment systems in India including UPI.\u201d","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"delhi high court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/05\/delhi-high-court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/315164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67515"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=315164"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/315164\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/315168"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=315164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=315164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=315164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}