Reserve Bank of India has approved which Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS)?

• A. Airtel Payments Bank
• B. Fino Payments Bank
• C. Paytm Payments Bank
• D. Jio Payments Bank

Answer: (B)

Reserve Bank of India has approved Fino Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS).