System provider to act in accordance with the Act, regulations, etc
Section 20 of the Payment and Settlement Systems Act, 2007 deals with system provider to act in accordance with the Act, regulations, etc. Every system provider shall operate the payment system in accordance with the provisions of this Act, the regulations, the contract governing the relationship among the system participants, the rules and regulations which deal with the operation of the payment system and the conditions subject to wh The Act came into force on 12 Aug 2008.
Every system provider shall operate the payment system in accordance with the provisions of this Act, the regulations, the contract governing the relationship among the system participants, the rules and regulations which deal with the operation of the payment system and the conditions subject to which the authorisation is issued, and the directions given by the Reserve Bank from time to time.
Section 20, The Payment and Settlement Systems Act, 2007 (Act 51 of 2007).
Related judgements & precedents
These are some judgments that construed this section, and hold precedence value. They hold authority on how to read, interpret and use this section.
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PhonePe Private Limited v. State of Karnataka
Court's Decision & Legal Precedent
PSS Act confidentiality (ss.15/20/22) and Bankers' Books Evidence Act do not confer absolute immunity from CrPC s.91 summons by a statutory investigating officer; disclosure exceptions apply to police investigating cyber-fraud. DATE VERIFIED Final Order 2025-04-29 (order-1.pdf).
On this section: System-provider duties construed consistently with disclosure exceptions for criminal investigation.
The holding above is the ratio decidendi as extracted from the judgment by eCourts India, reproduced unaltered — it is a rendering of the court's reasoning, not a substitute for its words. Read the order itself before relying on it.
Questions about Section 20
What have the courts held on Section 20 of the Payment and Settlement Systems Act?
PhonePe Private Limited v. State of Karnataka (29 Apr 2025) is the leading judgment on this section among those set out below: System-provider duties construed consistently with disclosure exceptions for criminal investigation.
How do I find court cases under Section 20 of the Payment and Settlement Systems Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Payment and Settlement Systems Act 20, section 20 Payment and Settlement Systems Act, section 20 of the Payment and Settlement Systems Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome. 1 reported judgment on this section is set out on this page, beginning with PhonePe Private Limited v. State of Karnataka (29 Apr 2025).
When did Section 20 of the Payment and Settlement Systems Act come into force?
Section 20 of the Payment and Settlement Systems Act, cited as Payment and Settlement Systems Act 20, came into force on 12 Aug 2008, having been enacted on 20 Dec 2007. It is in force as at the date shown on this page.
Other sections of this Act
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 20 Oct 2026. This page is not a substitute for legal advice.