Question

    What type of authorization did CAMS receive from the RBI

    in 2023?
    A Full operational license Correct Answer Incorrect Answer
    B Online Payment Aggregator in-principal authorization Correct Answer Incorrect Answer
    C Banking license Correct Answer Incorrect Answer
    D Digital Wallet Endorsement Correct Answer Incorrect Answer
    E Cryptocurrency Exchange Approval Correct Answer Incorrect Answer

    Solution

    CAMS received an in-principle authorization to operate as an Online Payment Aggregator from the RBI in February 2023, indicating preliminary approval pending certain conditions to be met.

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