The Reserve Bank of India (RBI) on January 29, 2025, notified regarding the Regulatory Sandbox: On Tap application on theme ‘Retail Payments’ – Completion of Test Phase.
It is stated that under the ‘On Tap’ application facility for the theme ‘Retail Payments’ of the Regulatory Sandbox (RS), Exto India Technologies Pvt. Ltd. was selected for the Test Phase.
The product of the entity has been found acceptable under the RS and may be considered for adoption by Regulated Entities subject to compliance with applicable regulatory requirements.
[Press Release: 2024-2025/2031]