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India badly needs a regulatory sandbox for payments. Here’s why

Updated : January 31, 2019 08:59 AM IST

Several countries have launched sandboxes to encourage fintech innovation. The structures and mandates of each of these sandboxes have varied significantly.
The RBI could consider a hybrid model for India, combining features of the various structures existing around the world.
Keeping in mind the RBI’s goal of increasing participation in the payments industry, such a sandbox should be made available to both licensed banks and payment system providers as well as unlicensed fintech companies.
India badly needs a regulatory sandbox for payments. Here’s why

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