Will Retail Payments Get Digital Boost As First Cohort For RBI’s Regulatory Sandbox?
Retail payments will be the first cohort for experimentation under the Reserve Bank of India’s regulatory sandbox (RS), according to an announcement made by the central bank on Monday (November 4). The testing is likely to start in the first half of 2020.
Startups working on products and services for retail payments systems can apply to be part of the sandbox cohort — the window for application submission is November 15 to December 15, 2019.
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