Monthly Archives: October 2017

The Payment Instruments industry which consists of many of the mobile wallet operators have raised objection to the recent Master Guidelines issue by RBI on several counts such as a) KYC requirement made more or less mandatory for all Semi … Continue reading →

Under the Master Directions for PPIs (MD-PPI), three types of PPIs are recognized namely a) Closed System PPIs b) Semi-Closed System PPIs c) Open System PPIs Closed System PPIs are those PPIs  which are issued by an entity for facilitating the purchase … Continue reading →

The Prepaid Instrument Eco System in India under the Payment and Settlements Act 2007 has licensed several “Payment System Operators” under the Act. The list of such operators is available here. The list consists of Two Financial Market Infrastructure operators … Continue reading →

On 11th October 2017, RBI came out with a comprehensive “Master Direction” applicable to all Prepaid Payment Instrument Issuers, System Providers and System participants. This was mainly a consolidation of all earlier guidelines. However, it appears that some of the … Continue reading →

What can be done to improve the number of successful investigations of Cyber Crimes in India? is a question most observers of the Cyber Crime scene in India are struggling to find answer to. The T K Vishwanathan Committee has … Continue reading →

Wishing All a Happy Digital Society Day of IndiaWe need not reiterate here that we try to celebrate October 17 every year as the “Digital Society Day of India” because the judicially acceptable “Digital Society” was born in India on … Continue reading →