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Reserve Bank of India Date : Feb 26, 2021 Reserve Bank had released theframework for authorisation of pan-India Umbrella Entity for retail payments on August 18, 2020and invited applications from desirous entities. Given the process involved for complying with the framework prescriptions, a timeline of six months was provided therefor, i.e., up to February 26, 2021. 2. Requests have been received from various stakeholders including Indian Banks Association for extending the timeline, ke
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FAQ :
The deadline for applications has been extended to March 31, 2021.
The deadline has been extended due to requests from stakeholders, citing COVID-19 related disruptions and inconveniences.
The framework was released on August 18, 2020.
The original deadline for applications was February 26, 2021.
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Notification No : PR : 2020-2021/1161Published in Community & General
Source : https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=51188