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of <h1>RBI Releases Framework for Nationwide Umbrella Entity in Retail Payments; Applications Open Until February 26, 2021.</h1> The Reserve Bank of India (RBI) has published the framework for authorizing a pan-India Umbrella Entity for Retail Payments. This follows a period of public consultation on a draft framework released in February 2020. The RBI is now accepting applications for the new entity, which must be submitted using the specified Form A by February 26, 2021.
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