Question

The Reserve Bank of India authorised CRED to operate as a Payment Aggregator under which Act?

Q: Answer-The Reserve Bank of India authorised CRED to operate as a Payment Aggregator under which Act?

RBI granted authorisation to CRED operated by Dreamplug Technologies Pvt Ltd to function as a Payment Aggregator under the Payment and Settlement Systems Act, 2007, enabling it to directly onboard merchants and manage payment flows.

A Banking Regulation Act, 1949

B Companies Act, 2013

C Payment and Settlement Systems Act, 2007

D RBI Act, 1934

E Information Technology Act, 2000

Practice Next

More Daily Beepedia Current Affairs Questions

Which country recently joined BRICS as a partner state?
Digital Currency(eRupee) Retail has been launched on which date?
Prime Minister Shri Narendra Modi dedicates to the nation the 600 MW Kameng Hydro power Station implemented by NEEPCO Ltd., it is situated in which of the ...
Nidhu Saxena's appointment as the MD & CEO of the Bank of Maharashtra is set for how many years?
What is the purpose of the Coal Ministry’s RECLAIM framework?
What is the name of the AI chatbot launched by the Election Commission of India to provide election-related info?
The IndiaAI Startups Global Acceleration Programme has been developed in collaboration with:
India’s startup GalaxEye launched the world’s first OptoSAR satellite named:
Which Indian city achieved its best-ever performance at the 2025 Asian Youth Games, winning a record 48 medals?
Which ministry signed an MoU with BEML Limited, BEL, and MIDHANI for indigenous development of Advanced Fuelling & Control System for Engines for heavy-dut...

Relevant for Exams:

IIFCL Grade A/B

Hey! Ask a query

The Reserve Bank of India authorised CRED to operate as a Payment Aggregator under which Act?

Detailed Solution

More Daily Beepedia Current Affairs Questions

Relevant for Exams:

Hey! Ask a query

Please Register/Login