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      Question

      What is the theme of RBI’s first cohort of

      Regulatory Sandbox?
      A Cross Border Payment Correct Answer Incorrect Answer
      B MSME Lending Correct Answer Incorrect Answer
      C Near Field Communication Correct Answer Incorrect Answer
      D Digital Savings Correct Answer Incorrect Answer
      E e-Loan Correct Answer Incorrect Answer

      Solution

      In the first cohort with Retail Payments as its theme, six entities have successfully exited the sandbox with a range of products like feature phone-based offline payments using voice, innovative use of Near Field Communication (NFC) in payments, voice-based UPI payment solution and offline payment solution using SIM overlay smartcard.

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