Services offered by payment banks - General Economics & Indian Economy

Q.  Which of the following statements is/are correct about payment banks?

1. They can provide forex cards to travellers, usable again as a debit or ATM card all over India.
2. They can offer forex services at charges higher than banks.
- Published on 01 Aug 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Only 1
 
Payment banks can offer forex services at charges lower than banks.

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