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Regulatory Sandbox
December 24 , 2020
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- The Reserve Bank of India recently announced the second cohort under Regulatory Sandbox.
- It was announced under the theme of “Cross Border Payments”.
- The Regulatory Sandbox refers to live testing of new products and services in a controlled environment.
- The first cohort under Regulatory Sandbox included companies in the retail payment space.
- It included feature phones, contactless payments and offline payments.
- This was released in 2019.
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