Paytm, Google Pay, PhonePe Will Be Regulated? Digital Payments' Self-Regulation Starts Soon
As per the latest development, the digital payment industry may soon get its own regulator, if things go as per the plan.
HDFC Bank plans to set up a pan India umbrella entity to boost retail payment in the country.
On August 18, the regulator bank RBI released the framework for authorizing umbrella entities for retail payments, pan-India.
Since the demonetisation back in November 2016, the push for the cashless payments and digital wallets has been immense. Lately several online, as well as offline establishments, have started accepting digital payment.