The Reserve Bank of India (RBI) has issued new regulatory guidelines for Payment Aggregators (PAs) and Payment Gateways (PGs) aimed at enhancing the safety and transparency of India’s digital payment ecosystem. The guidelines require non-bank PAs to obtain RBI authorization, maintain a minimum net worth, and adhere to strict compliance and security standards, including background checks for merchants and robust IT infrastructures. Funds must be held in escrow accounts, ensuring customer protection against fraud. These measures reflect RBI’s commitment to fostering a secure and resilient digital payment environment, crucial for India’s growing economy.