Current Affairs · Banking Regulations and Cross-Border Payments
Under RBI's revised Payment Aggregator - Cross Border (PA-CB) framework, cross-border payment fintechs receive a updated regulatory position compared to the earlier OPGSP regime. What is the key regulatory shift?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Fintechs may undertake cross-border payments only for imports and not exports
- 2Fintechs are directly licensed by RBI and are no longer wholly dependent on a single bank applying on their behalf✓
- 3Cross-border collections are now restricted exclusively to public sector banks
- 4Fintechs now operate without any banking partner requirement and without RBI licensing
Correct answer
Fintechs are directly licensed by RBI and are no longer wholly dependent on a single bank applying on their behalf
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