New Delhi, Sept. 17 -- The Reserve Bank of India (RBI) has released comprehensive regulatory guidelines for Payment Aggregators (PAs) and recommended baseline technology standards for Payment Gateways (PGs) to strengthen security, transparency, and resilience in the digital payments ecosystem.

In its notification, Guidelines on Regulation of Payment Aggregators and Payment Gateways, the central bank clarified that PAs, which handle customer funds, will come under direct regulation, while PGs will be treated as technology providers and encouraged to follow the prescribed security measures.

Under the framework, non-bank PAs must obtain RBI authorisation under the Payment and Settlement Systems Act, 2007.

Such entities are required to be ...