#RTI #CashlessConsumer highlighted multiple structural issues (some beyond RBI and needing a legislative amendment) in #NUELicensing #BlastFromThePast https://docs.google.com/document/u/1/d/e/2PACX-1vSYbrgKj-pQeKAMk1RZ_3ewjTbbXo75VS9K85kzqaRQN6V_OeDOfen1iDZ0S0-eGXJ0XscRfkODERBM/pub
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RT @ShritamaBose
Industry found RBI’s draft NUE framework premature, shows RTI response https://www.financialexpress.com/industry/banking-finance/indus…
https://twitter.com/ShritamaBose/status/1506481867888885762

If data protection is the reason for "reportedly" review #NUELicensing, @NPCI_NPCI has no moral standing any greater than other applicants to operate now.

https://www.livemint.com/industry/banking/rbi-puts-new-payment-network-plan-on-hold-11629830389987.html #NUElicensing

https://timesofindia.indiatimes.com/business/india-business/govt-against-umbrella-entity-for-e-payments/articleshow/78820112.cms

Government against umbrella entity for e-payments #NUELicensing #DigitalPayments

Provides a brief overview of #BBPS - https://blog.50p.in/97da8dbf1a91

Given this brazen privacy harm (damage of data hoarding / profile building that has already happened) as well as #NUELicensing , it might be right time to redesign #BBPS regulatory / system architecture.

Representation to RBI on Draft Framework for authorisation of a pan-India New Umbrella Entity (NUE) for Retail Payment Systems

#NUELicensing @NASSCOMR response https://community.nasscom.in/communities/policy-advocacy/representation-to-rbi-on-draft-framework-for-authorisation-of-a-pan-india-new-umbrella-entity-nue-for-retail-payment-systems.html

https://www.thehindubusinessline.com/opinion/editorial/rbi-move-to-create-a-counterpart-to-npci-needs-a-rethink/article30915180.ece A short (hence possibly incomplete) not on #NUELicensing by @businessline editorial, calling it 'somewhat perplexing and needs rethink'

#Policy #CashlessConsumer feedback on RBI's Draft Framework for authorisation of New Umbrella Entity (NUE) for Retail Payment Systems #NUELicensing https://docs.google.com/document/u/1/d/e/2PACX-1vSYbrgKj-pQeKAMk1RZ_3ewjTbbXo75VS9K85kzqaRQN6V_OeDOfen1iDZ0S0-eGXJ0XscRfkODERBM/pub