Question
Which of the following B2B payments platform has
received in-principle approval from the Reserve Bank of India (RBI) for a payment aggregator license?Solution
RBI Headquarters: Mumbai Governor: Shaktikanta Das Deputy Governors: MK Jain, MD Patra, M Rajeshwar Rao and T. Rabi Sankar EnKash Headquarters: Mumbai Founder: Naveen Bindal A payment aggregator acts as a third party responsible for managing and processing merchants' online transactions. A payment aggregator facilitates payments from consumers to merchants, be it by credit card, debit card, bank transfer, e-wallet, or stored value account, without requiring merchants to go to a bank.
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