Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 1330)

2017-12-14 Business

1330.

Which of the following gets Pre-Paid Instrument Licence from Reserve Bank of India?

Paytm

Lotus

OBOPAY

PAYZAP

Answer: Option

Explanation:

OBOPAY announced that the company has secured a licence for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in the country. The company would also be using the licence to increase business in its B2B (business-to-business) operations by co-branding the prepaid instrument with a partner brand.