RBI Seeks Public Feedback On Changes In Payment Systems
NDTV
Feedback may be provided in respect of questions raised therein, including other relevant suggestions, through email on or before October 3, 2022, the RBI said.
The Reserve Bank of India (RBI) has invited feedback from the public on the various changes proposed in the payments system, including the possibility of imposing tiered charges on transactions done through the Unified Payments Interface (UPI).
As announced in the Statement on Developmental and Regulatory Policies dated December 08, 2021, the Reserve Bank of India (RBI) has released a discussion paper on "Charges in Payment Systems" for public feedback, RBI said in a statement. The discussion paper was released on 17th August.
Feedback may be provided in respect of questions raised therein, including other relevant suggestions, through email on or before October 3, 2022, the RBI said.
The focus of RBI's initiatives in the payment systems has been to ease frictions which may arise from systemic, procedural or revenue-related issues. While there are many intermediaries in the payments transaction chain, consumer complaints are generally about high and non-transparent charges.
