India, Nov. 12 -- Fintech self regulatory organisation (SRO) Self-Regulated PSO Association (SRPA) has emerged as the third RBI-recognised SRO over a year after the apex bank floated an omnibus framework for recognition.

In a statement, the newly recognised SRO said that it represents a collective commitment of India's leading payment system operators (PSOs) to foster a safe, secure, and compliant digital payments ecosystem under a collaborative co-regulatory model.

The SRO plans on operationalising its governance, compliance and supervisory mechanisms in alignment with the apex bank's framework shortly after this.

Fintech companies like Infibeam Avenues, Razorpay, PhonePe, CRED, Mobikwik, Mswipe, Open, among others are members of the ...