Financial ExpressMay 24, 2022How RBI’s geo-tagging framework can improve digital payments infrastructure among MSMEsCredit and Finance for MSMEs: Framework for geo-tagging of payment system touchpoints issued in March’22 by the Reserve Bank of India (RBI) is an important step in the creation of a robust payments acceptance infrastructure in the country. The framework provides for banks and non-bank payment service operators (PSOs) to collect and maintain merchants, which are MSMEs, related information and geographical coordinates for all payment touchpoints. Further bank and non-bank PSOs are required to provide this geo-tagging information of the payment touchpoints to the RBI.Read more at Financial Express
Credit and Finance for MSMEs: Framework for geo-tagging of payment system touchpoints issued in March’22 by the Reserve Bank of India (RBI) is an important step in the creation of a robust payments acceptance infrastructure in the country. The framework provides for banks and non-bank payment service operators (PSOs) to collect and maintain merchants, which are MSMEs, related information and geographical coordinates for all payment touchpoints. Further bank and non-bank PSOs are required to provide this geo-tagging information of the payment touchpoints to the RBI.Read more at Financial Express
