Current Affairs · Banking Regulations
Consider the following statements regarding the Reserve Bank of India's framework for Payment Aggregators (PAs) and Payment Gateways (PGs) updated/issued in 2025: 1. The framework covers PA-P (Physical), PA-CB (Cross-border), and PA-O (Online). 2. Non-bank entities seeking authorization must have a minimum net worth of Rs. 15 crore at the time of application and attain Rs. 25 crore by the end of the third financial year. 3. PGs, as technology providers, are recommended to follow baseline security standards including PCI-DSS compliance. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, and 3✓
- 21 and 3 only
- 32 and 3 only
- 41 and 2 only
Correct answer
1, 2, and 3
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