RBI allows card networks, wallets to access RTGS, NEFT

The Reserve Bank of India (RBI) has decided to allow payment system providers, prepaid card issuers, card networks and white label ATM operators access to its Centralised Payment Systems (CPS), such as real time gross settlement (RTGS) and National Electronic Fund Transfer (NEFT) systems. This would be the the first phase of its plan to bring non-banks in the same platform.

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