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    Question

    What type of license has the Reserve Bank of India (RBI) granted to Tata Payments?

    A Banking License Correct Answer Incorrect Answer
    B Payment Gateway License Correct Answer Incorrect Answer
    C Payment Aggregator License Correct Answer Incorrect Answer
    D Digital Wallet License Correct Answer Incorrect Answer
    E E-commerce License Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has granted a payment aggregator (PA) licence to Tata Payments, Tata group’s digital payments app. This will help the firm facilitate ecommerce transactions through its platform. Tata Payments is held through Tata Digital, the group's subsidiary entity, which houses its digital businesses. Tata Pay joins the likes of Razorpay, Cashfree, Google Pay, among others to secure the much-awaited payments.

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