The Reserve Bank of India (RBI) has issued new draft guidelines aimed at regulating payment aggregators and enhancing due diligence processes for merchants. The guidelines, which are open for public comment, mandate payment aggregators to adhere to strict KYC and due diligence norms as per RBI's standards. This move is part of a broader effort to regulate Point of Sale (PoS) payment players, including companies like Innoviti Payments, Pine Labs, and MSwipe, bringing them under regulatory oversight.