Indian Economy·Key Judgments
UPI and RTGS Systems — Key Judgments
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Version 1Updated 5 Mar 2026
Key Judgments
Reserve Bank of India vs. Jayantilal N. Mistry
2021This Supreme Court judgment clarified the regulatory powers of RBI over payment systems and established the principle that digital payment platforms must comply with RBI…
Mastercard Asia Pacific Pte Ltd vs. Reserve Bank of India
2022Delhi High Court judgment on RBI's data localization requirements for payment systems, establishing the principle that payment system data must be stored within India for…