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ARTICLE · 20 NOVEMBER 2025

AKP Banking & Finance Digest November 17, 2025

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Reserve Bank of India ("RBI") recognised the Self-Regulated PSO Association (SRPA) as a Self-Regulatory Organisation ("SRO") for Payment System Operators ("PSOs").

IndiaFinance and Banking
Anuroop Omkar
Anuroop Omkar

1. Regulatory Updates

1.1. India

Reserve Bank of India (RBI)

1.1.1. RBI recognises Self-Regulated PSO Association as SRO for Payment System Operators

Reserve Bank of India ("RBI") recognised the Self-Regulated PSO Association (SRPA) as a Self-Regulatory Organisation ("SRO") for Payment System Operators ("PSOs"). This recognition follows the Framework for Recognition of Self-Regulatory Organisation for Payment System Operators issued on October 22, 2020, and the 'Omnibus framework for recognition of SROs for Regulated Entities of the Reserve Bank' issued on March 21, 2024, which invited eligible associations to apply. The move formalises an industry body to set and monitor standards for PSOs, strengthening governance, compliance, and risk management across India's payments ecosystem.

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