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    Question

    The payment System Operator is an authorized party that

    is registered under the Companies Act, 1956 or the Companies Act, 2013 that undertakes the operation of payment systems. Which of the following organisations is not part of payment settlement operators?
    A The Clearing Corporation of India Limited Correct Answer Incorrect Answer
    B India post Correct Answer Incorrect Answer
    C National Payments Corporation of India Correct Answer Incorrect Answer
    D Bharat Bill Payment System Correct Answer Incorrect Answer
    E ATM networks Correct Answer Incorrect Answer

    Solution

    The payment System Operator is an authorized party that is registered under the Companies Act, 1956 or the Companies Act, 2013 that undertakes the operation of payment systems. They provide services and operate on a certain model and mainly deal in payment and settlement-related activities. PSOs in India include Clearing Corporation of India, National Payments Corporation of India, Cards Payment Networks, Cross border Money Transfer, ATM networks, Prepaid Payment Instruments, White Label ATM Operators, Instant Money Transfer, and Trade Receivables Discounting System, Bharat Bill Payment System are payment settlement operators.

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