Quicktouch gets RBI’s in-principle approval for payment aggregator license

QuickPay, the fintech platform of Quicktouch Technologies, has received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator license under the Payment and Settlement Systems Act, 2007. This approval allows QuickPay to move closer to becoming fully operational under RBI supervision. However, the platform still needs to complete compliance requirements before it can begin full operations.

The company said that this regulatory nod marks an important milestone for QuickPay in India’s digital payments sector. It plans to complete technical and operational validations as required by RBI guidelines.

Gaurav Jindal, Managing Director of Quicktouch Technologies, said, “We are grateful to the Reserve Bank of India for this recognition. It strengthens our resolve to build a world-class digital payments platform that supports India’s vision of a vibrant, inclusive and digitally empowered economy.”