FinTech Compliance Upgrade

J the App by JustIDT analyses the new Master Direction on Payment Aggregators (15 Sept 2025) by RBI, a game-changer for India’s digital payments ecosystem. It replaces multiple past circulars with a unified compliance framework covering online, offline, and cross-border PAs. With higher capital norms, tighter KYC, escrow safeguards, and cyber-risk controls, the bar for governance has been raised. A big step towards clarity, resilience, and global competitiveness in India’s fintech landscape.