Technology Law Analysis

From Click to Brick: Proposal to Expand Payment Aggregator Guidelines for Online and Offline Transactions

This article was first published in The National Law Review (July 29, 2024).

Earlier this year, the Reserve Bank of India (RBI) released draft directions proposing to amend the currently applicable Payment Aggregators guidelines issued on March 17, 2020 followed by clarifications on March 31, 2021 (PA Guidelines). The proposed draft directions largely intend to cover in-person payment options which will bring forth a significant change in the applicability of the PA Guidelines, especially in relation to various offline fintech business models (PA-P Circular).

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Authors:

- Rhythm Vijayvargiya and Huzefa Tavawalla 

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