India locals cautious on new payment factory rules

India’s authorised dealers (ADs) reforms to officially allow third-party payments facilitating payment factories are welcomed, with caveats.

By Emma Bi

Nov 18, 2013

linkedin facebook twitter

The Reserve Bank of India (RBI) announced on November 8 that AD banks may allow third-party payments for export or import payments of goods and software, a move introduced with immediate effect to further liberalise trade payment procedures.

Sign-in to access CorporateTreasurer content.

Please sign in to your subscription to unlock full access to our premium CT resources.

Free Registration & 7-Day Trial

Note: This free trial is a one-time offer. You are eligible for one free trial per year.

If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.

Questions?

If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Risk & Compliance Treasury