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The act covers various aspects of payment systems, including bank transfers (NEFT, RTGS, IMPS), card networks (Visa, MasterCard, RuPay), digital wallets (Paytm, PhonePe), UPI, and more
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The PSSA 2007 in India refers to The Payment and Settlement Systems Act, 2007. This act was enacted to regulate and supervise payment systems in India and to designate the Reserve Bank of India (RBI) as the responsible authority.