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Based upon the suggestions acquired from numerous stakeholders, and with a view to foster steady innovation in numerous areas pertaining to fintech in addition to to supply testing platform to the completely different merchandise/ providers/ expertise which fall underneath the area of the Reserve Bank as indicated in para 6.1.3 of the Enabling Framework for Regulatory Sandbox, it’s introduced that the Fifth Cohort underneath Regulatory Sandbox can be theme impartial. Innovative merchandise/ providers/ applied sciences slicing throughout numerous features in RBI’s regulatory area can be eligible to use. The software window for a similar shall be communicated sooner or later. 2. In addition, as per the Enabling Framework for Regulatory Sandbox, the Second Cohort on ‘Cross Border Payments’ is now additionally open for ‘On Tap’ software. (Yogesh Dayal) Press Release: 2022-2023/816 |
