The report said that the meetings will be held ahead of the release of the frequently asked questions (FAQs) by the RBI. The NPCI oversees the United Payments Interface (UPI) payments, and NHAI operates the FASTag service.
A person aware of the matter was quoted in the ET report as saying that the main idea of the meeting will be to guide the merchants on transition.
Das also said that the RBI focuses on “bilateral engagement” and nudges the regulated entities to take corrective action. He added that the REs are given enough time to take corrective measures before any step is taken by the RBI.
First Published: Feb 09 2024 | 10:08 AM IST