Financial Services
Rbi extends deadline for nue proposals; here’s the list of applicants so far
27 Feb 2021
1 min read
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