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What can Payment Banks do?

By IndianMoney , 5 months ago

A. Offer internet banking, sell mutual funds, insurance and pensions. B. Have business correspondents and ATMs. C. Offer bill payment service for customers D. They can enable transfers and remittances from a mobile phone. E. They can offer forex services at charges lower than bank F. They can provide forex cards to travellers, usable as debit or ATM card all over India. G. They can also offer card acceptance mechanism to third parties such as ?Apple Pay".

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