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⍰ ASK What role do third-party service providers play in the operations of electronic money institutions in India?

Electronic money institutions get a big boost from tech experts who offer high-tech solutions for safe transactions, building mobile apps, and keeping all the technology running smoothly. This teamwork doesn't just make electronic money institutions work better, but it also keeps them ahead in the fast-changing world of digital finance.

Security and following the rules are also super important in this collaboration. Electronic money institutions team up with these tech experts to have strong cybersecurity measures and make sure they're doing everything the rules say. This helps keep digital transactions safe and builds trust with users.

This tech expert are also pros at verifying customers, making the process simple and secure. This is a big deal when bringing in new users, making sure everything goes smoothly and safely.
 

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