• Sat. Nov 23rd, 2024

Framework for Geo-tagging of Payment System Touch Points

Byadmin

Mar 28, 2022 #RBI

To facilitate nuanced spread of acceptance infrastructure and inclusive access to digital payments, the Monetary Policy Statement 2020-21 on October 08, 2021 had announced that a framework for geo-tagging of physical payment acceptance infrastructure would be prescribed by Reserve Bank. Accordingly, a framework for capturing geo-tagging information of payment system touch points deployed by banks / non-bank PSOs is laid out in the Annex. The date from which the information shall be reported to Reserve Bank shall, however, be advised in due course.

2. This framework is issued under Section 10 (2) read with Section 18 of Payment and Settlement Systems Act, 2007 (Act 51 of 2007).

Yours faithfully,


(P Vasudevan)
Chief General Manager

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Notification : https://www.dropbox.com/s/fege5vk6huz3ts0/Framework%20for%20Geo-tagging%20of%20Payment%20System%20Touch%20Points.PDF?dl=0

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