RBI’s New Rules Explained

The Reserve Bank of India (RBI) has released comprehensive final guidelines to regulate payment aggregators in India, introducing stricter compliance and operational frameworks designed to strengthen the payment ecosystem. Official SEBI Circular: RBI/DPSS/2025-26/141 RBI’s Classification of Payment Aggregators The new regulation — Payment Aggregators Directions, 2025 divides payment aggregators into three categories:  This formal classification