Regulatory Sandbox (RS): Second Cohort on ‘Cross-Border Payments’ - Exit - RBI - Reserve Bank of India
Regulatory Sandbox (RS): Second Cohort on ‘Cross-Border Payments’ - Exit
In the Second Cohort under the Regulatory Sandbox (RS) with ‘Cross-Border Payments’ as its theme, eight entities commenced testing of their products which was communicated vide Press Release dated September 13, 2021. 2. The following four entities have completed the ‘Test Phase’.
3. The products were evaluated based on mutually agreed test scenarios and expected outcomes. All the above four products have been found viable within the boundary conditions defined during testing under Regulatory Sandbox. 4. The aforesaid entities have now exited the Second Cohort of the Regulatory Sandbox on ‘Cross-Border Payments’. The products found acceptable under this Cohort may be considered for adoption by Regulated Entities subject to compliance with applicable regulatory requirements. (Yogesh Dayal) Press Release: 2022-2023/559 |