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PAYMENT AGGREGATOR LICENCE
Decentro secures final payment service provider licence at GIFT CityWith this, Decentro has become the first Indian payment aggregator to secure the approval. With the licence, Decentro has established an en...- 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...
- RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...
- Uber CEO on Travis Kalanick; Micron’s warning to IndiaDara Khosrowshahi told ET in an interaction that Uber is open to collaborating with founder Travis Kalanick. This and more in today’s ETtec...
- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- Fintechs trade the wild west for regulatory licencesIndia's leading fintech firms, once disruptors, are now actively seeking regulatory licenses to ensure sustainable growth. Companies like P...
- India must leverage its digital verification architecture to evolve into a trust-based economyIndia faces a low-trust economy with high friction, exemplified by complex KYC norms. Finance Minister Nirmala Sitharaman highlighted this ...
- Gift City turns growth lever for cross-border digital payment firmsCross-border digital payment firms are increasingly targeting Gift City for growth, seeking Payment Service Provider (PSP) licenses to cate...
- When the acquisition looks great but the footnote doesn't: How Indian managements turn deals into balance-sheet fictionAcquisitions are among corporate finance’s most celebrated events. But the harder story usually emerges later, when the accounting begins t...
- 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,...
- 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...
- 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 grants payment aggregator licences to Razorpay, Cashfree, others; FirstCry’s IPO detailsWhile the payment aggregator licence was thought to be routine initially, for the likes of Razorpay and Cashfree, it makes a big impact as ...
- 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 grants in-principle approval for payment aggregator licence to EnKashFounded in 2018, EnKash claims to have assisted 1 lakh businesses to digitise and decentralise their corporate payments.
- Infibeam Avenues receives RBI in-principle nod for payment aggregator licenceIn March this year, the RBI issued a framework under which payment aggregators are mandated to obtain a license for acquiring merchants and...
- RBI lens on companies seeking payment aggregator licenceA person in the know said that the RBI has decided to reject the payment aggregator licence of ZaakPay, which runs MobiKwik.
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