RBI Payment Aggregator License
GPTKB entity
Statements (31)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Financial License
|
| gptkbp:appliesTo |
gptkb:India
Fintech companies E-commerce platforms Non-bank payment aggregators |
| gptkbp:compatibleWith |
Banks (already regulated by RBI)
|
| gptkbp:complianceMonitoredBy |
gptkb:Reserve_Bank_of_India
|
| gptkbp:enables |
Entities to process payments for merchants
|
| gptkbp:examplesOfLicenseHolders |
gptkb:Pine_Labs
gptkb:Cashfree gptkb:CCAvenue gptkb:Razorpay |
| https://www.w3.org/2000/01/rdf-schema#label |
RBI Payment Aggregator License
|
| gptkbp:introducedIn |
2020
|
| gptkbp:issuedBy |
gptkb:Reserve_Bank_of_India
|
| gptkbp:platform |
Payment and Settlement Systems Act, 2007
|
| gptkbp:purpose |
Regulate online payment collection
|
| gptkbp:regulates |
Payment Aggregators
|
| gptkbp:renewalPeriod |
Annual
|
| gptkbp:requires |
Data security standards
Background check of promoters Board approval for application Compliance with KYC norms Grievance redressal mechanism Net worth criteria Risk management framework Submission of business plan Technology infrastructure details |
| gptkbp:status |
Mandatory for non-bank payment aggregators in India
|
| gptkbp:bfsParent |
gptkb:Infibeam_Avenues_Limited
|
| gptkbp:bfsLayer |
7
|