UPI and RTGS Systems — Legal Precedents

Legal Precedents

Reserve Bank of India vs. Jayantilal N. Mistry

2021

This 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

2022

Delhi 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…