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What is the registrations of Semi-closed system payments on RBI?
20-Feb-2023 (In Banking / Finance Law)
What is the registrations of Semi-closed system payments on RBI?
These are payment instruments which are redeemable at a group of clearly identified merchant locations/ establishments which contract specifically with the issuer to accept the payment instrument. These instruments do not permit cash withdrawal or redemption by the holder.
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Adv. Siddhant Sharma
Delhi | 200+ Answers
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