2019
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which two online payment solutions are imposed by RBI for non compliance of regulatory guidelines?
|
|
PhonePe and FreeCharge
|
|
|
Paytm and PhonePe
|
|
|
Mobikwik Systems and Hip Bar
|
|
|
Paytm and Mobikwik Systems
|
Explanation:
Detailed explanation-1: -Debit and credit card details like 16-digit card number, name, expiry date and CVV are required during an online transaction. The online platforms used by customers also provide an option to save card data for easy completion of transactions in future. This data is known as “card on file” or CoF.
Detailed explanation-2: -RBI imposes monetary penalty on Indian Bank This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Detailed explanation-3: -About NPCI Bharat BillPay Ltd. The platform offers 20,000+ billers across multiple bank and non-bank channels.
There is 1 question to complete.