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RBI’s new payment rules shift compliance burden and quietly open the door to cross border UPI
Business
Published on 24 April 2026
Who must report suspicious transactions now may surprise you
RBI has introduced a new framework for licensed payment aggregators and payment gateways for cross-border merchant payments, making them fully responsible for PMLA compliance and suspicious transaction reporting. The regulator aims to bring clarity and clearer ownership to merchant payments, while also allowing UPI to be used—raising hopes for a true India cross-border payments upgrade.
- Licensed PA/PG CB entities now take full PMLA compliance responsibility
- They must also report suspicious transactions under the new rules
- RBI seeks clearer regulatory ownership in merchant payments
- UPI is now permitted for cross-border payments
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times