The Payment and Settlement Systems Act, 2007 · Chapter III – Authorisation of Payment Systems
In force Last verified 11 November 2026
(1) Any person desirous of commencing or carrying on a payment system may apply to the Reserve Bank for an authorisation under this Act.
(2) An application under sub-section (1) shall be made in such form and in such manner and shall be accompanied by such fees as may be prescribed.
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