Starting Payment Company Rules

Summary

To start a payment company in Punjab, obtain necessary licenses and registrations, comply with Reserve Bank of India guidelines, ensure data protection, and adhere to anti-money laundering and KYC norms.

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I am opening a payment company, what rules are applicable on me
Hey ****! For opening a payment company in Punjab, here are some general rules you might need to consider:
- Obtain necessary licenses and registrations from regulatory authorities.
- Comply with the Reserve Bank of India's guidelines for payment systems.
- Ensure data protection and privacy regulations are met.
- Adhere to anti-money laundering and KYC norms.
Do you need more detailed information on any of these points?