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Name the mobile payments company which has procured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in India?
  • a)
    GoCardless
  • b)
    Venmo
  • c)
    OBOPAY
  • d)
    PayPal
  • e)
    Stripe
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Name the mobile payments company which has procured a license for Prep...
Global mobile payments company, OBOPAY has procured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in India. On basis of this PPI license and its technology expertise, OBOPAY will now be able to solve various digital payment related problems for its partner clients. Management of OBOPAY is also exploring to enter into partnerships with companies in Small and Medium Enterprises (SME) lending, health and insurance payments, government subsidy disbursement, distribution and supply chain payments and education. OBOPAY will also use the PPI license to boost the business in its Business to Business (B2B) operations by co-branding the prepaid instrument with a partner brand.
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Name the mobile payments company which has procured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in India?a)GoCardlessb)Venmoc)OBOPAYd)PayPale)StripeCorrect answer is option 'C'. Can you explain this answer?
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Name the mobile payments company which has procured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in India?a)GoCardlessb)Venmoc)OBOPAYd)PayPale)StripeCorrect answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Name the mobile payments company which has procured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in India?a)GoCardlessb)Venmoc)OBOPAYd)PayPale)StripeCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Name the mobile payments company which has procured a license for Prepaid Payment Instrument (PPI) from the Reserve Bank of India (RBI) to operate a semi-closed loop wallet in India?a)GoCardlessb)Venmoc)OBOPAYd)PayPale)StripeCorrect answer is option 'C'. Can you explain this answer?.
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