designated payment system definition
designated payment system means a payment system that is designated by the Authority under section 42 to be a designated payment system for the purposes of this Act;
designated payment system means a payment system or a class of payment system, as may be specified by the Reserve Bank from time to time, engaged in collection of funds from their customers for rendering payment service;
designated payment system means a payment system prescribed as a designated payment system under subsection 30(1);
More Definitions of designated payment system
designated payment system means designated payment system as defined under clause (q) of section 2 of the Payment Systems and Electronic Fund Transfers Act, 2007.
designated payment system means a Payment System designated by the State Bank under section 4 to be a Designated Payment System for the purposes of this Act;
designated payment system means a payment system designated in accordance with section 3;
designated payment system means any system that poses systemic risk or that is designated to protect the interest of the public or the interest of the integrity of the payment system.
designated payment system. ’ means any sys- tem utilized by a financial transaction pro- vider that the Secretary and the Board of Gov- ernors of the Federal Reserve System, in con- sultation with the Attorney General, jointly determine, by regulation or order, could be utilized in connection with, or to facilitate, any restricted transaction.
designated payment system means a payment system which shall obtain a license from the Minister or be registered with the BOT, as the case may be;
designated payment system means a payment system within the meaning of the Payment Systems (Oversight) Act (Cap. 222A) that is designated under section 7 of