Current Affairs · Business and Economy
In August 2025, Paytm Payments Services Limited (PPSL) received an in-principle approval from the Reserve Bank of India (RBI). Consider the following statements: 1. PPSL received RBI's in-principle nod to operate as an online payment aggregator under the Payment and Settlement Systems Act, 2007. 2. The approval is contingent upon submitting a system audit report within 6 months. 3. As per regulations, online payment aggregators can directly hold public funds in their corporate savings accounts without an escrow mechanism. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11, 2, and 3
- 2Only 2 and 3
- 3Only 1 and 3
- 4Only 1 and 2✓
Correct answer
Only 1 and 2
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