Question
What type of license has the Reserve Bank of India (RBI)
granted to Tata Payments?Solution
The Reserve Bank of India (RBI) has granted a payment aggregator (PA) licence to Tata Payments, Tata group’s digital payments app. This will help the firm facilitate ecommerce transactions through its platform. Tata Payments is held through Tata Digital, the group's subsidiary entity, which houses its digital businesses. Tata Pay joins the likes of Razorpay, Cashfree, Google Pay, among others to secure the much-awaited payments licence.
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