Tag: Fintech
-
Decoding RBI’s Overhaul of the Payment Aggregator Directions
[Manas Divetia is a IV year B.B.A. LL.B. (Hons.) student at Gujarat National Law University, Gandhinagar] The Reserve Bank of India’s (“RBI”) 2025 Master Direction on Regulation of Payment Aggregators dated 15 September 2025 consolidates and replaces the fragmented 2020 framework, aligning online, physical point‑of‑sale, and cross‑border aggregation under a single, enforceable code that hardwires escrow architecture, KYC, cyber resilience, and FEMA‑compliant cross‑border
