Question : Which finance company has recently (May 2021) received RBI approval for prepaid payment business?
(A) Bajaj finance
(B) HDFC
(C) Indiabulls finance
(D) None of the above
Answer : (a)
Related facts
- Bajajfinance has recently(May2021)receivedRBIapprovalforprepaidpaymentbusiness.
- The move is part of Bajaj Finance’s broader strategy to expand its digital offerings.
- Other major digitalofferer in India are Paytm and Amazon.
- Bajaj Pay
- It is a digital wallet.
- The wallet will become a part of Bajaj Pay, which is the company’s bid to provide an integrated platform for all payments solutions.