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PA LICENCE
Mobikwik gets RBI nod for offline payment aggregator licenceMobikwik Systems secured RBI's in-principle nod for a Payment Aggregator-Physical license, paving the way for offline merchant payments. Th...- Paytm’s cap table turns Indian: What changes now?Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This ...
- Pine Labs’ Navin Chandani steps down as president, CBO of issuing businessThe resignation is effective April 6, 2026, and no successor has yet been named. In his resignation letter, Chandani said he is leaving to ...
- Cred receives payment aggregator licence from RBIFintech startup Cred has received RBI authorisation to operate as a payment aggregator, allowing it to onboard merchants, collect payments,...
- Paytm Payment Services gets full online payment authorisation from RBIIn a notice to the stock exchanges, Paytm said it received the certificate of authorisation from the RBI on November 26 to operate as a pay...
- PayU gets final nod from RBI to process online business paymentsThis comes a year after PayU received in-principle approval and more than two years after its licence application was returned by the Reser...
- BharatPe secures RBI nod to operate as online payment aggregatorThe final nod to Resilient Payments comes more than two years after it received an in-principle approval from the RBI, in January 2023. A P...
- Easebuzz secures RBI nod to operate as online payment aggregatorThe payment solutions provider had received the in-principle nod for the PA licence in 2022. Per the company, its payments platform is proc...
- Zomato gets shareholder approval for Esop plan, gives up pursuit of NBFC licenceFood delivery company Zomato had proposed an Esop pool of 183 million shares. The new plan would mean a 2% stake dilution for existing shar...
- Zomato surrenders payment aggregator licence, writes down Rs 39 crore worth of investmentsFood delivery platform Zomato on Monday reported a consolidated net profit of Rs 175 crore for the quarter ended March 31, 2024, as against...
- Groww and Worldline ePayments secure online payment aggregator licence from RBIThe PA licence will allow Bengaluru-based Groww to process online payments by itself. The licence was issued in the name of the company's s...
- Cred receives in-principle approval from RBI for payment aggregator businessFintech firm Cred, supported by Peak XV, secures RBI's approval for PA business. Post final nod, it'll expand merchant payments, focusing o...
- Innoviti Payments, Concerto Software get RBI payment aggregator licencesInnoviti, Vegaah, and Concerto Software secured RBI's online payment aggregator license. CCAvenue from Infibeam Avenues also received the l...
- Amazon Pay secures payment aggregator licence from RBIA payment aggregator licence by the RBI will enable Amazon to increase its merchant payments business, a major opportunity for the ecommerc...
- RBI grants payment aggregator licence to Tata PayAlong with Tata Pay, Bengaluru-based identity verification startup DigiO, backed by Groww, has also secured the payment aggregator licence ...
- RBI returns Instamojo’s PA application; firm intends to reapplyAfter receiving the final status on its application in September this year, Bengaluru-based Instamojo has ceased operations of its payment ...
- Paytm wins regulator extension for payment aggregator licence applicationThe banking regulator had in November last year asked Paytm to reapply for the licence within 120 days and stopped it from signing up new o...
- PhonePe gets payment aggregator licence, reaches $1 trillion annualised payment value run rateThe company said that the growth is backed by its leadership in the UPI space where it holds over 50 per cent market share by value.
- RBI asks PayU India to reapply for payment aggregator licenceThe fintech firm’s complex corporate structure was one reason why RBI asked it to reapply
- RBI directs Razorpay to pause onboarding new merchantsRazorpay, Stripe and Pine Labs were granted in-principle approvals for payment-aggregator licences in July. In September, Cashfree had also...
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