Question

    The Reserve Bank of India (RBI) has directed which card networks to cease their Business Payment Solution Provider (BPSP) operations?

    A RuPay and Visa Correct Answer Incorrect Answer
    B Mastercard and American Express Correct Answer Incorrect Answer
    C Visa and Mastercard Correct Answer Incorrect Answer
    D Discover and RuPay Correct Answer Incorrect Answer
    E Visa and American Express Correct Answer Incorrect Answer

    Solution

    RBI directed Visa and Mastercard to cease their BPSP operations due to lack of authorization under the Payment and Settlement Systems Act.

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