https://www.taxtmi.com/acts?id=55693 Payment Service Providers must safeguard Payment Service User funds through a safeguarding-institution undertaking or guarantee, a trust account, or another specified method. Funds must also be held in separate escrow accounts with an IBU for each relevant payment service. E-money issuers must maintain an end-of-day escrow balance covering outstanding e-money and payments due to users. Escrow transactions are restricted to permitted credits and debits, while e-money cannot be issued at a premium or discount, used for lending, linked to illegal activity, or withdrawn as cash. en-us Tue, 22 Sep 2026 12:16:46 +0530 Tue, 22 Sep 2026 12:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55693 Payment Service Providers must safeguard Payment Service User funds through a safeguarding-institution undertaking or guarantee, a trust account, or another specified method. Funds must also be held in separate escrow accounts with an IBU for each relevant payment service. E-money issuers must maintain an end-of-day escrow balance covering outstanding e-money and payments due to users. Escrow transactions are restricted to permitted credits and debits, while e-money cannot be issued at a premium or discount, used for lending, linked to illegal activity, or withdrawn as cash. Act-Rules Indian Laws Tue, 22 Sep 2026 12:16:46 +0530 https://www.taxtmi.com/acts?id=55693