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      Question

      What type of authorization did CAMS receive from the RBI

      in 2023?
      A Full operational license Correct Answer Incorrect Answer
      B Online Payment Aggregator in-principal authorization Correct Answer Incorrect Answer
      C Banking license Correct Answer Incorrect Answer
      D Digital Wallet Endorsement Correct Answer Incorrect Answer
      E Cryptocurrency Exchange Approval Correct Answer Incorrect Answer

      Solution

      CAMS received an in-principle authorization to operate as an Online Payment Aggregator from the RBI in February 2023, indicating preliminary approval pending certain conditions to be met.

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