PIB Corner
RBI Selects 2 Startups as a Part of its Regulatory Sandbox Programme
- The Reserve Bank of India has selected two startups as a part of its regulatory sandbox programme.
- The two companies are Jaipur based Natural Support Consultancy Services Private Limited and New Delhi based Nucleus Software Exports Limited.
- While the former has named its product ‘eRupaya’, which will facilitate offline Person-to-Merchant transactions and offline digital payments in remote locations; the second company’s product 'PaySe', proposes to help in digitisation of payments in rural areas, starting with Self Help Groups, through an offline payment solution and a digitised SHG-centered ....
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