RBI lays down framework for outsourcing of processes by payment system operators

The central bank said outsourcing of any activity by a PSO shall not reduce its obligations, and those of its board and senior management, who are ultimately responsible for the outsourced activity. “This framework is applicable to non-bank PSOs insofar as it relates to their payment and/ or settlement-related activities.

from Banking & Finance – The Financial Express https://ift.tt/3ynkWpL