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Sec 5, Payment & Settlement Systems Act 2007: Application for Authorisation

The Payment and Settlement Systems Act 2007

Chapter III (Authorization of Payment Systems)

Section 5 (Application for authorisation) :‒

❝(1) Any person desirous of commencing or carrying on a payment system may apply to the Reserve Bank for an authorisation under this Act.

(2) An application under sub-section (1) shall be made in such form and in such manner and shall be accompanied by such fees as may be prescribed.❞

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