📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    Recently which of the folloiwng has received an

    in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator?
    A Accenture Correct Answer Incorrect Answer
    B Globe Correct Answer Incorrect Answer
    C Infibeam Avenues Correct Answer Incorrect Answer
    D Layod India Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Infibeam Avenues, which operates CCAvenue, has received an in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA). It joins a list of entities who have received the in-principle approval from RBI for a PA licence. This will enable them to further expand their reach in multiple business segments for both online and offline digital transactions. Learn Along: RBI Headquarters: Mumbai Governor: Shaktikanta Das 4 Deputy Governors: T. Rabi Sankar, MK Jain, MD Patra, M Rajeshwar Rao Infibeam Headquarters: Ahmedabad CEO: Vishal Mehta A payment aggregator is a service provider that allows merchants to process mobile or e-commerce payments. They let businesses accept credit and debit card payments without setting up a merchant account through a bank.

    Practice Next
    More Current Financial Awareness Questions

    Relevant for Exams:

    ask-question