New Delhi -°C
Today in New Delhi, India

Feb 19, 2020-Wednesday
-°C

Humidity
-

Wind
-

Select city

Metro cities - Delhi, Mumbai, Chennai, Kolkata

Other cities - Noida, Gurgaon, Bengaluru, Hyderabad, Bhopal , Chandigarh , Dehradun, Indore, Jaipur, Lucknow, Patna, Ranchi

Home / Business News / RBI publishes draft framework for new payment system

RBI publishes draft framework for new payment system

The central bank has invited comments on the draft framework from all stakeholders by February 25.

business Updated: Feb 11, 2020 09:17 IST
Reuters
Reuters
Mumbai
An umbrella organization for retail payment systems could come up soon. Re
An umbrella organization for retail payment systems could come up soon. Re(REUTERS)

The Reserve Bank of India (RBI) on Monday published draft framework for authorisation of a new pan India umbrella organization for retail payment systems.

The central bank has invited comments on the draft framework from all stakeholders by February 25.

At present, National Payments Corporation of India (NPCI) is an umbrella organisation for retail payments systems.