March 18, Mumbai: The Reserve Bank of India (RBI) on March 17, 2020 issued guidelines which include regulating the entire activities of the Payment Aggregators (PA) as well as to provide baseline technology-related recommendations to Payment Gateways (PGs). “PAs are entities that facilitate e-commerce sites and merchants to accept various payment instruments from the customers for completion of their payment obligations without the need for merchants to create a separate payment integration system of their own,” said RBI in a circular.