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    Question

    What approval has Zomato Payments Private Limited (ZPPL)

    received from the Reserve Bank of India (RBI), and when does it come into effect?
    A Permission to issue credit cards; February 1, 2024 Correct Answer Incorrect Answer
    B License to operate as a bank; March 15, 2024 Correct Answer Incorrect Answer
    C Approval to function as an online payment aggregator; January 24, 2024 Correct Answer Incorrect Answer
    D Authorization to launch a cryptocurrency; April 30, 2024 Correct Answer Incorrect Answer
    E Permission to acquire other payment companies; December 31, 2023 Correct Answer Incorrect Answer

    Solution

    Explanation:

    Zomato Payments Private Limited (ZPPL) has received approval from the RBI to function as an online payment aggregator, effective from January 24, 2024.

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