RBI weighs direct oversight of Big Tech payment platforms, eyeing systemic risk over licensing
Reserve Bank of India is exploring whether large digital platforms, e-commerce ecosystems, and embedded payment intermediaries like Apple Pay and Google Pay warrant direct financial regulation. Focus shifts from banking licenses to systemic influence, potentially reshaping merchant access and India's payments stack.
RBI is examining whether large digital platforms, e-commerce ecosystems, and embedded payment intermediaries should face direct financial regulation, focusing on systemic influence over financial behavior rather than banking licenses. Move could reshape India's payments landscape and merchant access.