RBI (Regulation of Payment Aggregators) Directions, 2025

Reference

RBI/DPSS/2025-26/141

Issued

15 Sept 2025

Effective

In force · 15 Sep 2025

Scope

Classes PA-O, PA-CB, PA-P. Merchant due diligence: CKYCR mandatory standard tier; simplified tier ≤ ₹40 lakh turnover via PAN/Form 60 + one OVD + premises check; ongoing merchant monitoring; escrow rules; quarterly auditor escrow certificates; annual CERT-In empanelled audits.