Compliance requirement of the Online Payment Gateway Channels in Indian and regulatory requirements for the overseas e-Commerce operators in India.
DETAILED REPORT ON THE COMPLIANCE REQUIREMENT OF THE ONLINE PAYMENT GATEWAY CHANNELS IN INDIAN AND REGULATORY REQUIREMENTS FOR THE OVERSEAS COMPANY FOR DOING E-COMMERCE OPERATIONS IN INDIA.
1. Brief History of Payment Gateways with their working model sampler:
Payment Gateways are intermediate between the banks and the websites facilitating the communication of Transaction information. They conceive information from the payer bank and takes the information to the receiving banks and note their feedback, i.e. whether the transaction is approved or declined.
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