Payment system authorisation requires statutory eligibility, non-refundable fees, compliance with additional conditions, and potentially a security deposit.

Authorisation certificates for commencing a Payment System may be issued after examination of the application and satisfaction of statutory authorisation conditions. Issue of the certificate requires payment of a non-refundable fee specified for each sub-category of payment system operator. The Authority may impose additional conditions, and continued force of the authorisation depends on compliance with them. Where necessary for proper conduct of the Payment System, an applicant may be required to furnish a security deposit of a specified amount.

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