- RBI provides regulatory supervision and undertakes security initiatives for UPI, while officials discuss usage numbers.
- The Union Ministry of Finance proposed amendments to the Indian payment system, which the RBI is now regulating under the Payment and Settlement Systems Act.
Amazon operates a quick commerce unit and regulates payment systems in India.
1 report, 1 independent
Updated Sep 1
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What happened
Amazon operates a quick commerce unit and regulates payment systems in India.
Who's involved
What this event is mainly aboutKeep exploring
Part of
The Union Ministry of Finance proposed amendments to the Indian payment system, which the RBI is now regulating under the Payment and Settlement Systems Act.Also in this story
- The finance ministry has set the payment rail fees for UPI transactions.
- Nirmala Sitharaman introduced the Taxation and Other Laws (Amendment) Bill, 2026 to amend payment laws.
The entities involved
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Amazon
American multinational technology company
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finance ministry
type of ministry responsible for government finances and economic policy