Question
Under the IFSCA (Payment Services) Regulations, 2024,
which key condition must directors and Key Managerial Personnel (KMP) of a Payment Service Provider (PSP) meet?Solution
The directors  and Key Managerial Personnel (KMP)  of a Payment Service Provider (PSP) must meet the "fit and proper"  criteria set by the IFSCA to ensure integrity and competence.
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