Electronic Payments Regulator

With digital transactions gaining traction, the government is mulling setting up of a separate regulator for enabling electronic payment system in the country as well as regulate transaction charges.

The RBI is working to put in place a regulatory framework to address customer grievance and liability issues arising out of frauds in electronic transactions, Government said on Tuesday.

"The matter is being further examined by the RBI to put in place a regulatory framework for addressing customer grievance and liability issues arising out of such frauds."

Market regulator Securities and Exchange Board of India (Sebi) has asked all listed companies to use electronic mode for making cash payments to investors, a move that would help check misuse of funds.

With digital transactions gaining traction, the government is mulling setting up of a separate regulator for enabling electronic payment system in the country as well as regulate transaction charges.

The RBI is working to put in place a regulatory framework to address customer grievance and liability issues arising out of frauds in electronic transactions, Government said on Tuesday.

"The matter is being further examined by the RBI to put in place a regulatory framework for addressing customer grievance and liability issues arising out of such frauds."

Market regulator Securities and Exchange Board of India (Sebi) has asked all listed companies to use electronic mode for making cash payments to investors, a move that would help check misuse of funds.