Question
The Reserve Bank of India (RBI) has granted in-principle
approval to______ existing payment aggregators, allowing them to continue their operations.Solution
The Reserve Bank of India (RBI) has granted in-principle approval to 32 existing payment aggregators, allowing them to continue their operations. Amazon (Pay) India Pvt Ltd, Google India Digital Services Pvt Ltd, Reliance Payment Solutions Ltd and Zomato Payments Pvt Ltd are among those whose names are listed by RBI of those existing payment aggregators, who have been granted in-principle approval to continue their operations. PayTM Payments Services and PayU Payments Private Limited are the entities whose application to continue as payment aggregators has been returned by the RBI.
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