Cross-border payment firms to fall under RBI’s regulatory net – Times of India
[ad_1] MUMBAI: The RBI on Tuesday said all entities facilitating cross-border payment transactions for import and export of goods and services will be directly regulated by it. The new regulations will curb small-scale imports of restricted items through international e-commerce sites.RBI has fixed a minimum net worth of Rs 15 crore for such entities, which …
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