The Reserve Bank of India (RBI) has designated the Self-Regulated PSO Association (SRPA) as a self-regulatory organisation (SRO) for payment system operators (PSOs). In a formal statement, the central bank said: “An application was received from ‘Self-Regulated PSO Association (SRPA)’ seeking to serve as an SRO for PSOs. The application has been duly considered and it has been decided to recognise SRPA as an SRO for PSOs.” This development builds on the RBI’s earlier introduction of regulatory guidelines ...