NPCI issued a notification regarding the Monthly Reporting Template for Payment Aggregators and key Merchants

Jan 06, 2024 | by TeamLease RegTech Legal Research Team

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Industry Specific ComplianceThe National Payments Corporation of India (NPCI) on December 29, 2023, issued a notification Monthly Reporting Template for Payment Aggregators and key Merchants.

As part of our ongoing effort to streamline reporting procedures and enhance transparency introducing a standardized monthly reporting format for all payment aggregators and key merchants, effective from February 01, 2024.

The reporting format aims to provide a clear and concise overview of key metrics, enabling us to track progress more effectively and Improve customer experience.

Reporting Period: Each report should cover the entire calendar month, starting from the 1st day of the month and ending on the last day.

Submission Deadline: Reports should be submitted no later than the 5 business day of the following month.

[Notification No. NPCI/RuPay/027/2023-24]


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