Question

What approval has Zomato Payments Private Limited (ZPPL) received from the Reserve Bank of India (RBI), and when does it come into effect?

A Permission to issue credit cards; February 1, 2024 Correct Answer Incorrect Answer
B License to operate as a bank; March 15, 2024 Correct Answer Incorrect Answer
C Approval to function as an online payment aggregator; January 24, 2024 Correct Answer Incorrect Answer
D Authorization to launch a cryptocurrency; April 30, 2024 Correct Answer Incorrect Answer
E Permission to acquire other payment companies; December 31, 2023 Correct Answer Incorrect Answer

Solution

Explanation:

Zomato Payments Private Limited (ZPPL) has received approval from the RBI to function as an online payment aggregator, effective from January 24, 2024.

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