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PAYU PA LICENCE
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...- RBI keeping a close watch on newly-licensed payment firmsThe Reserve Bank of India is intensifying oversight of payment aggregators through stricter audits, KYC enforcement, and real-time checks t...
- Digital payment firms in a no-win game as margins hit rock bottomOnline payment aggregators (PAs) are locked in a race to the bottom on pricing, each trying to outbid the others to win market share in an ...
- 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...
- Paytm Payments CEO Nakul Jain resignsThis comes as the fintech awaits the central bank's approval for its payment aggregator licence. In November 2022, the Reserve Bank of Indi...
- PayU eyes full stack digital commerce playDigital payments company PayU is looking to expand its consumer fintech offerings through LazyPay, while maintaining its core focus on merc...
- PayU India FY24 consolidated revenue rises 22% to $1.1 billionProsus's fintech arm, PayU, reported a consolidated revenue increase of 22% in FY24, reaching $1.1 billion. This growth can be attributed t...
- Brazilian payment company Ebanx set to start India operations with Yes BankEbanx helps nearly 300 brands process payments in multiple countries across Latin America and Africa. It now wants to enter India, which wi...
- 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...
- Cross-border payments platform BriskPe raises $5 million seed funding from PayUFintech Briskpe will use the capital to strengthen its product and service offerings, build up its team, and scale its reach to enable more...
- PayU receives RBI’s in-principle nod to operate as a payment aggregatorIn 2022, the central bank had banned payment aggregators, including PayU, and restricted them from onboarding new merchants to its platform.
- ETtech Explainer: The headlong rush for a payment aggregator licenceWhat does this payment aggregator licence mean? And why is it so significant for payment companies? ET explains.
- 1mg pips PharmEasy in market share; what’s behind PayU’s new business forays?Tata Digital-owned 1mg has beaten rival PharmEasy to pole position in the country’s e-pharmacy market in terms of gross merchandise value. ...
- 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...
- Exclusive: Rivals snag new users as top payment gateways hit by RBI freezeIndian banks that have their white-label payment processing offerings have also seen a rise in merchant signups, industry executives told E...
- 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
- Govt may seek deals for India-made chips; Google denied relief on second CCI orderDiscussions are likely to be held with countries that don’t have extensive semiconductor manufacturing capacities and currently procure chi...
- Google denied relief on second CCI order; most TCS employees get 100% variable pay in Q3Last week, the National Company Law Appellate Tribunal (NCLAT) declined to set aside an order and Rs 1,337 crore fine by India’s competitio...
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