Question

MobiKwik received RBI in-principle approval for which licence, enabling it to expand its offline merchant payment business?

Q: Answer-MobiKwik received RBI in-principle approval for which licence, enabling it to expand its offline mer...

MobiKwik received RBIs in-principle approval for the PA-P Payment Aggregator-Physical licence for offline merchant payments. UPI Lite X is a related offline payment mode with a Rs 500 per transaction limit.

A Payment Aggregator (PA)

B Payment Aggregator-Cross Border (PA-CB)

C Payment Aggregator-Physical (PA-P)

D Prepaid Payment Instrument (PPI)

E Non-Banking Financial Company (NBFC)

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MobiKwik received RBI in-principle approval for which licence, enabling it to expand its offline merchant payment business?

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