On November 11, 2025, the Reserve Bank of India (RBI) announced the recognition of Self-Regulated PSO Association (SRPA) as a Self-Regulatory Organisation (SRO) for Payment System Operators (PSOs). This decision follows the issuance of the 'Framework for Recognition of Self-Regulatory Organisation (SRO) for Payment System Operators (PSOs)' on October 22, 2020, and an 'Omnibus framework for recognition of SROs for Regulated Entities of the Reserve Bank' on March 21, 2024, inviting applications from interested groups. The press release number is 2025-2026/1483. Brij Raj, Chief General Manager. Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 फोन / Phone: 022 - 2266 0502. Website: www.rbi.org.in E-mail: helpdoc@rbi.org.in
Key Entities Referenced
Framework for Recognition of Self-Regulatory Organisation (SRO) for Payment System Operators (PSOs): Policy issued by the Reserve Bank of India on October 22, 2020, providing a framework for the recognition of self-regulatory organizations (SROs) for payment system operators (PSOs).
Omnibus framework for recognition of SROs for Regulated Entities of the Reserve Bank: Policy issued by the Reserve Bank on March 21, 2024, outlining a framework for the recognition of SROs for regulated entities of the Reserve Bank.
Reserve Bank of India: The central bank of India, responsible for issuing the mentioned frameworks.
Self-Regulatory Organisation for Payment System Operators: General concept of self-regulatory organizations (SROs) within the context of payment system operators. The release discusses their recognition.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
November 11, 2025
Recognition of Self-Regulatory Organisation for Payment System Operators
The Reserve Bank of India issued the ‘Framework for Recognition of Self-Regulatory
Organisation (SRO) for Payment System Operators (PSOs)’ on October 22, 2020,
and an ‘Omnibus framework for recognition of SROs for Regulated Entities of the
Reserve Bank’ on March 21, 2024 inviting interested groups / associations to seek
recognition as SRO in terms of the criteria laid down therein.
2. Subsequently, an application was received from ‘Self-Regulated PSO Association
(SRPA)’ seeking to serve as an SRO for PSOs.
3. The application has been duly considered and it has been decided to recognise
SRPA as an SRO for PSOs.
(Brij Raj)
Press Release: 2025-2026/1483 Chief General Manager