cryptohunter
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The Reserve Bank of India (RBI) keeps updating its rules to match new technologies and changes in the market. This flexibility lets electronic money institutions try out new ideas and ways of doing business.
The RBI created something called a regulatory sandbox. It's like a safe space for electronic money institutions to test new products and services without causing any trouble. This way, they can experiment with the latest technologies and come up with cool financial solutions.
To make things more competitive, the RBI gives licenses to different types of companies, not just regular banks, to be prepaid payment instrument (PPI) issuers. This opens up the market to lots of different players, making electronic money more diverse and competitive.
The RBI created something called a regulatory sandbox. It's like a safe space for electronic money institutions to test new products and services without causing any trouble. This way, they can experiment with the latest technologies and come up with cool financial solutions.
To make things more competitive, the RBI gives licenses to different types of companies, not just regular banks, to be prepaid payment instrument (PPI) issuers. This opens up the market to lots of different players, making electronic money more diverse and competitive.
