Payment System Operators

After approval, a public notice of at least 15 calendar days needs to be given before making the changes

The company argues touch-less technology will help speed up transaction times, shorten lines in shops, heighten security and improve hygiene in businesses

Meta-owned Facebook Messenger is also introducing voice message recording controls and a mode for sending disappearing messages

'It was observed that the entities had not complied with the directions issued by RBI on net-worth requirement for Bharat Bill Payment Operating Units,' says RBI

The Reserve Bank on Thursday issued final guidelines, including the framework, to set up a self-regulatory organisation for payment system operators

Currently, there are two interoperable QR codes -- UPI QR and Bharat QR

The amount of monetary penalty would vary depending on the impact on account of various factors

The central bank will issue detailed instructions in this regard within one week