What regulatory approval have Razorpay and Cashfree recently secured from the Reserve Bank of India (RBI)?
Digital Lenders
Contactless Payments
Payment Aggregators
Cryptocurrency Exchanges
Correct Answer :
C. Payment Aggregators
Razorpay and Cashfree have received final authorization from the RBI to operate as Payment Aggregators (PAs), allowing them to onboard new merchants and enhance their commitment to innovative payment solutions.
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