PURSUANT TO THE AMENDMENT TO RBI MASTER DIRECTIONS AMENDED AS OF JANUARY 2020 This is an updated version of our previous post that covered the KYC flows pursuant to the PMLA amendment in Aug 2019 Please note that the below is applicable for RBI governed entities only Earlier this month, the Reserve Bank of India […]
Month: January 2020
Merchant Discount Rate waiver
In recent times, over and again- the government and the RBI has indicated its will in supporting and encouraging digital payments. From the creation of institutions such as the Payments Bank to the absorption of MDR rates for transactions upto Rs.2000, and even with the setting up of the Nandan Nilekani committee on Digital Payments […]