The revamped payment system will facilitate settling merchants' funds directly by the bank into their nodal account instead of Instamojo's nodal account Instamojo had halted its payment aggregator PA ...
RBI guidelines on PAs necessitated that the licence holders must maintain a net worth of INR 15 Cr for the 1st two financial years, and INR 25 Cr after that. This is not a one time criteria, Payment ...
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