Which payment company has received the final approval from the Reserve Bank of India on January 3, 2017 to Payment Bank.

2017

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	PayPal
B	M-Pesa
C	Google Wallet
D	Paytm

Explanation:

Detailed explanation-1: -Paytm Payments Bank on Monday said it has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit.

Detailed explanation-2: -Our associate Paytm Payments Bank Limited (PPBL) has got the final approval from Reserve Bank of India (RBI) to operate as Bharat Bill Payment Operating Unit (BBPOU) under the Payment and Settlement Systems Act, 2007.

Detailed explanation-3: -India currently has 6 Payment Banks namely, Airtel Payment Bank, India Post Payment Bank, Fino, Paytm Payment Bank, NSDL Payment Bank and Jio Payment Bank.

Detailed explanation-4: -PayPal is not authorized to provide cross-border money transfers in India, according to an RBI spokeswoman at the time. PayPal requires authorization to operate a cross-border money transfer service under the Payment and Settlement Systems Act of 2007, which it lacks, she added.

There is 1 question to complete.