Consider the following statements regarding regarding Easebuzz and its recent RBI authorization: 1. Easebuzz is now authorized to operate as a digital lending platform. 2. The RBI license allows Easebuzz to function as an online payment aggregator. 3. This authorization enhances Easebuzz's role in the Indian fintech sector. Mark the correct statement from the above using the codes given below:
Both 2 and 3
Why in the News?
"Easebuzz Gets RBI Nod: Boosting Digital Payments in India”
Statement 1: incorrect
Easebuzz is not a digital lender. It's a payment solutions provider, now authorized by the RBI as a payment aggregator, facilitating online transactions between businesses and their customers.
Statement 2: correct
The RBI license allows Easebuzz to operate as a regulated online payment aggregator. This means they can streamline digital transactions, ensuring secure and efficient payment processing for businesses.
Statement 3: correct
The RBI authorization significantly boosts Easebuzz's standing in the Indian fintech sector, demonstrating regulatory compliance and enhancing trust among businesses and customers.
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