The Reserve Bank of India has updated ‘Enabling Framework for Regulatory Sandbox’ to include ‘On Tap’ application facility for themes of closed cohorts, vide circular dated October 8, 2021. Accordingly, the theme ‘Retail Payments’ is now open for application. This ‘On Tap’ facility is expected to help in continuous innovation and engagement with innovators and proactively respond to the dynamics of rapidly evolving FinTech scenario.

 


*Tanvi Singh, Editorial Assistant has reported this brief.

Join the discussion

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.