Framework for Geo-tagging of Payment System Touch Points - ஆர்பிஐ - Reserve Bank of India
Framework for Geo-tagging of Payment System Touch Points
RBI/2021-22/187 March 25, 2022 The Chairman / Managing Director / Chief Executive Officer Madam / Dear Sir, Framework for Geo-tagging of Payment System Touch Points To facilitate nuanced spread of acceptance infrastructure and inclusive access to digital payments, the Monetary Policy Statement 2020-21 on October 08, 2021 had announced that a framework for geo-tagging of physical payment acceptance infrastructure would be prescribed by Reserve Bank. Accordingly, a framework for capturing geo-tagging information of payment system touch points deployed by banks / non-bank PSOs is laid out in the Annex. The date from which the information shall be reported to Reserve Bank shall, however, be advised in due course. 2. This framework is issued under Section 10 (2) read with Section 18 of Payment and Settlement Systems Act, 2007 (Act 51 of 2007). Yours faithfully, (P Vasudevan) (Annex to RBI circular CO.DPSS.OVRST.No.S1738/06-08-018/2021-2022 dated March 25, 2022) Framework for Geo-tagging of Payment System Touch Points A. Background In recent years, the payments ecosystem in India has witnessed rapid developments with a bouquet of payment systems, platforms, products and services available for consumers. Reserve Bank of India (Reserve Bank, Bank) is focused on deepening of digital payments and providing inclusive access to all citizens of the country, irrespective of their location or digital literacy. To ensure this, it is imperative that a robust payment acceptance infrastructure with multiple types of touch points exists across the length and breadth of the country and is available and accessible at all times. Capturing the accurate location of existing payment system touch points / acceptance infrastructure (hereinafter referred to as payment touch points), is essential to upscaling and chalking out intervention strategies. This requirement can be effectively facilitated by geo-tagging of payment touch points. B. Geo-tagging Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive payments from their customers. Geo-tagging has various benefits, such as, provide insights on regional penetration of digital payments; monitor infrastructure density across different locations; identify scope for deploying additional payment touch points; facilitate focused digital literacy programmes. Policy interventions for realising the above benefits will be facilitated by the information thus collected. C. Infrastructure Digital payment transactions carried out by customers using payment touch points use two broad categories of physical infrastructure:
D. Capturing payment touch point details Use of geo-tagging to capture the locational data of acceptance infrastructure would be subject to the following guidelines:
E. Reporting guidelines Information that shall be reported by banks / non-bank PSOs and procedure therefor is detailed below: 1. Information to be submitted to Reserve Bank i. All banks / Non-bank PSOs shall maintain a registry with accurate location of all payment touch points across the country, including the following information:
2. Reporting requirements and methodology i. All banks / Non-bank PSOs shall report information on payment touch points to the Reserve Bank through the Centralised Information Management System (CIMS) of RBI. ii. Reporting of information shall be in .txt / CSV file format. iii. Banks / Non-bank PSOs shall report two files:
iv. Banks / Non-bank PSOs deploying payment touch points shall report to RBI:
3. Access to information reported Banks / Non-bank PSOs shall be provided with a facility to access / download the data relating to information reported by them. 4. Reporting template Information shall be reported using the enclosed reporting template. (Appendix). 5. Miscellaneous
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