Current Affairs - Finance - Discussion
Discussion Forum : Finance - Latest Current Affairs (Q.No. 166)
166.
Which fintech division has received the final approval from RBI as a payment aggregator?
Answer: Option
Explanation:
Amazon Pay, the fintech arm of Amazon India, has secured a payment aggregator license from the Reserve Bank of India (RBI), enabling strengthened distribution channels and innovative payment solutions. This approval signifies Amazon Pay's commitment to providing secure and convenient digital payment experiences, aligning with its mission to serve merchants and customers effectively in India's growing fintech ecosystem.
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