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      Question

      What is the time frame within which a Payment Service

      Provider (PSP) must commence operations after receiving the Certificate of Authorization from IFSCA?
      A 3 months Correct Answer Incorrect Answer
      B 6 months Correct Answer Incorrect Answer
      C 12 months Correct Answer Incorrect Answer
      D 9 months Correct Answer Incorrect Answer
      E 2 years Correct Answer Incorrect Answer

      Solution

      A Payment Service Provider (PSP) must commence operations within six months from the date of issuance of the Certificate of Authorization, with the possibility of a 3-month extension if approved by IFSCA.

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