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RTGS, NEFT membership for non-banks now enabled

Membership of the RBI-operated Centralised Payment Systems (CPSs) – RTGS and NEFT – currently limited to banks, with a few exceptions, is now proposed to be available to non-bank payment system operators like Prepaid Payment Instrument (PPI) issuers, card networks, white label ATM operators and Trade Receivables Discounting System (TReDS) platforms regulated by the Reserve […]

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