Six-member board to regulate payment systems: RBI notification

Six-Member Board to Regulate Payment Systems: RBI Notification The Reserve Bank of India (RBI) has issued a notification outlining the formation of a six-member board dedicated to regulating payment systems in the country. This new regulatory body will likely oversee the licensing, operations, and supervision of various digital payment platforms and mechanisms. The move underscores RBI's commitment to strengthening the regulatory framework for India's rapidly evolving payment ecosystem, ensuring stability, security, and efficiency in financial transactions.