Podcast
Questions and Answers
What specific type of entities did the Reserve Bank of India (RBI) issue guidelines for in 2023?
What specific type of entities did the Reserve Bank of India (RBI) issue guidelines for in 2023?
- Payment Aggregator-Cross Border (PA-CB) (correct)
- Digital lending platforms
- Microfinance institutions
- Small finance banks
How many entities have been licensed to operate as Payment Aggregator-Cross Border (PA-CB) entities following the RBI's 2023 notification?
How many entities have been licensed to operate as Payment Aggregator-Cross Border (PA-CB) entities following the RBI's 2023 notification?
- Five
- Four (correct)
- Two
- Three
Which of the following is among the entities licensed to operate as a Payment Aggregator-Cross Border (PA-CB) by the RBI?
Which of the following is among the entities licensed to operate as a Payment Aggregator-Cross Border (PA-CB) by the RBI?
- PhonePe
- BillDesk (correct)
- Paytm
- Google Pay
What is the primary objective of the RBI's guidelines for Payment Aggregator-Cross Border (PA-CB) entities?
What is the primary objective of the RBI's guidelines for Payment Aggregator-Cross Border (PA-CB) entities?
Which year did the Reserve Bank of India (RBI) notify guidelines to regulate Payment Aggregator- Cross Border (PA-CB) entities?
Which year did the Reserve Bank of India (RBI) notify guidelines to regulate Payment Aggregator- Cross Border (PA-CB) entities?
Besides BillDesk and Amazon Pay, which other companies have received a license to operate as Payment Aggregator-Cross Border (PA-CB) entities?
Besides BillDesk and Amazon Pay, which other companies have received a license to operate as Payment Aggregator-Cross Border (PA-CB) entities?
What does the acronym PA-CB stand for in the context of RBI regulations?
What does the acronym PA-CB stand for in the context of RBI regulations?
What implication does the limited number of licensed PA-CB entities have on the payment ecosystem?
What implication does the limited number of licensed PA-CB entities have on the payment ecosystem?
What factor might explain the RBI's decision to regulate Payment Aggregator-Cross Border (PA-CB) entities?
What factor might explain the RBI's decision to regulate Payment Aggregator-Cross Border (PA-CB) entities?
What can be inferred from the limited number of entities receiving PA-CB licenses after a year of RBI notifying the norms?
What can be inferred from the limited number of entities receiving PA-CB licenses after a year of RBI notifying the norms?
Flashcards
PA-CB Entities
PA-CB Entities
Entities that facilitate payments and cross-border transactions.
Licensed PA-CB Entities
Licensed PA-CB Entities
Cashfree Payments, Amazon Pay, BillDesk, and Adyen India
RBI's Role in PA-CB Regulation
RBI's Role in PA-CB Regulation
The regulatory body that issued the Payment Aggregator-Cross Border (PA-CB) guidelines.
Study Notes
- The Reserve Bank of India (RBI) issued guidelines in 2023 to regulate Payment Aggregator-Cross Border (PA-CB) entities.
- Only four companies have been licensed to operate within this sector
- The four licensed companies include:
- Cashfree Payments
- Amazon Pay
- BillDesk
- Adyen India
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