Current Affairs - Finance - Discussion

Discussion Forum : Finance - Latest Current Affairs (Q.No. 4)
4.
Which company recently received in-principle approval from the RBI for a Cross-Border Payment Aggregator license?
Skydo
Amazon Pay India
PayPal
EximPe
Answer: Option
Explanation:
EximPe has secured in-principle approval from the Reserve Bank of India to operate as a Payment Aggregator – Cross Border (PA-CB). This approval signifies a crucial milestone in India’s fintech ecosystem, particularly for digital trade and cross-border transactions. With a focus on the high-growth India-Asia corridor, EximPe aims to simplify and strengthen the digital payment infrastructure for SMEs involved in international commerce. The license enables the company to streamline regulatory compliance, currency conversion, and secure transactions. Backed by investor funding and a growing client base, EximPe is well-positioned to enhance India’s cross-border e-commerce and B2B payment landscape.
Discussion:
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