Discussion
How many branches of Payment banks must be in the unbanked rural area?
Answer: A
Correct answer: 25%
At least 25 per cent of a payments bank’s access points, including business correspondents, must be in unbanked rural centres. The requirement is central to the purpose of the licence: the bank exists to extend payments and small savings to people the branch network does not reach, and without the obligation the access points would concentrate in cities.
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