Current Affairs

GK MCQs Section
Q. As per RBI guidelines, what is the maximum value of goods and services traded through payment aggregator (PA)?
Answer: Rs 25 lakh
Notes: ‘PayGlocal, a cross-border focused payments platform provider, has received in-principle approval from the Reserve Bank of India (RBI) for a payment aggregator (PA) licence. After next round of checks and clearances from the central bank, the company can onboard merchants on its platform for online payment processing. Reserve Bank of India asked non-bank lenders to apply for a payment aggregator licence to offer cross-border trade settlement. The maximum value of goods and services traded should not exceed Rs 25 lakh.
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