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Mobile wallets in India are regulated by
  • a)
    Department of Telecommunications 
  • b)
    Ministry of Finance 
  • c)
    Reserve Bank of India 
  • d)
    Indian Banks' Association
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Mobile wallets in India are regulated bya)Department of Telecommunicat...
The RBI proposed to enable, in a phased manner, payment system operators like mobile wallets regulated by the central bank to take direct membership in RTGS and NEFT.
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Mobile wallets in India are regulated bya)Department of Telecommunicationsb)Ministry of Financec)Reserve Bank of Indiad)Indian Banks AssociationCorrect answer is option 'C'. Can you explain this answer?
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