RBI says products of 4 entities viable for cross border payments under regulatory sandbox

Corporate Laws

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Jul 20, 2022

Products offered by four entities for ‘cross border payments’ have been found viable by the Reserve Bank of India (RBI) after they completed the test phase under the regulatory sandbox scheme.

Regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may (or may not) permit certain relaxations for the limited purpose of the testing.

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