RBI grants Payment Aggregator Licence to Tata Pay & DigiO

Current Context: The Reserve Bank of India (RBI) granted the payment aggregator licence to Tata Pay and DigiO on January 1, 2024.

This licence will enable Tata Payments to facilitate e-commerce transactions through its platform.
Tata Payments is held through Tata Digital, the group’s subsidiary entity, which houses its digital businesses.
With this licence, Tata can power all e-commerce transactions within its subsidiary entities, which will help it manage funds better.
In addition to Tata Pay, Bengaluru-based identity verification startup DigiO, backed by Groww, has also secured the payment aggregator licence as of January 1.
DigiO powers digital identification for multiple fintechs and will be able to bundle in-payment services on top of it.
This development places Tata Pay and DigiO alongside other platforms like Google Pay, Razorpay, and Cashfree that have secured the much sought-after licence.

Question:

Q.1 Who granted the payment aggregator licence to Tata Pay and DigiO?
a. Google Pay
b. Razorpay
c. Reserve Bank of India (RBI)
d. Cashfree