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Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), The payment aggregators had to apply with the apex bank and were expected to show a net worth of how many crores?
  • a)
    10 Cr
  • b)
    15 Cr
  • c)
    25 Cr
  • d)
    20 Cr
  • e)
    30 Cr
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Infibeam Avenues, which operates CCAvenue, has received in-principle a...
  • Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA). The company said this will enable them to further expand their reach in multiple business segments for both online and offline digital transactions.
  • PAs are entities that facilitate e-commerce sites and merchants to accept various payment instruments from customers for the completion of their payment obligations without the need for merchants to create a separate payment integration system of their own. The payment aggregators had to apply with the apex bank and were expected to show a net worth of INR 15 Cr on the date of their application (or as of FY21). The limit will be increased to INR 25 Cr by the end of FY23.
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Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), The payment aggregators had to apply with the apex bank and were expected to show a net worth of how many crores?a)10 Crb)15 Crc)25 Crd)20 Cre)30 CrCorrect answer is option 'B'. Can you explain this answer?
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Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), The payment aggregators had to apply with the apex bank and were expected to show a net worth of how many crores?a)10 Crb)15 Crc)25 Crd)20 Cre)30 CrCorrect answer is option 'B'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), The payment aggregators had to apply with the apex bank and were expected to show a net worth of how many crores?a)10 Crb)15 Crc)25 Crd)20 Cre)30 CrCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Infibeam Avenues, which operates CCAvenue, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA), The payment aggregators had to apply with the apex bank and were expected to show a net worth of how many crores?a)10 Crb)15 Crc)25 Crd)20 Cre)30 CrCorrect answer is option 'B'. Can you explain this answer?.
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