Financial Services
RBI Extends Deadline For NUE Proposals; Here’s The List Of Applicants So Far
27 Feb 2021

RBI wrote that it had received requests from various stakeholders, including the Indian Banks’ Association, for extending the timeline, keeping in view the Covid-19 related disruptions

NUEs have been envisaged as entities that will further innovation in the digital and retail payment sector to complement NPCI and reduce risks of overload on the UPI infrastructure

They will be able to set up, manage and operate new payment systems comprising but not limited to regular and white-label ATMs, point-of-sale (PoS) devices and Aadhaar-based payments and remittance services

The full article was originally published on Inc42

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