RBI updates Enabling Framework for Regulatory Sandbox

The Reserve Bank of India vide circular dated October 8, has updated ‘Enabling Framework for Regulatory Sandbox’ to include ‘On Tap’ application facility for themes of closed cohorts. 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.

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