MUMBAI, India, June 27 -- Reserve Bank of India issued the following press release:
The Reserve Bank of India (RBI) has today issued Reserve Bank of India [Aadhaar Enabled Payment System (AePS) - Due Diligence of AePS Touchpoint Operators] Directions, 2025.
RBI had issued draft directions on due diligence of AePS on Bank's website on July 31, 2024, for stakeholder comments. The draft directions introduced the concept of AePS Touchpoint Operator (ATO) and aimed at streamlining theprocess for onboarding of ATOs by acquiring banks.
Feedback received on the draft has been examined and suitably incorporated in the final directions. The Directions, inter alia, cover the following:
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Due diligence requirements applicable to ATOs
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Risk M...