Fintech Newsletter: Recent Legal Developments And Market Updates In India - Technology
RBI") regulatory sandbox (" RS") announced last year, has started with two entities having initiated product testing from November 16, 2020, and with four more entities having started their test phase in December, 2020. The products in the first cohort include: (i) eRupaya?, a set of near-field communication- (" NFC") based prepaid cards and point-of-sale (" POS") devices to facilitate offline person-tomerchant (" P2M") transactions and offline digital products in remote locations; (ii) PaySe?, an offline digital cash product to help digitise payments in rural areas through an ecosystem of se...
Source: mondaq.com