Zomato surrenders PA licence; doesn't foresee viable biz in payments
Zomato doesn't see it having a significant competitive advantage against the incumbents in the payments space.
payment aggregator
May 2024
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July 2022
RBI proposes draft rules to regulate PoS for payment aggregators
As per the RBI release, the banking regulator has asked the payment aggregators to apply for PoS authorisation from RBI by May 31, 2025.
Zomato subsidiary gets RBI nod to operate as payment aggregator
Zomato Payments has been granted a certificate of authorisation from the Reserve Bank of India to operate as an 'Online Payment Aggregator' in India.
Razorpay, Cashfree Payments get payment aggregator licence from RBI
Fintech companies will now be able to onboard new customers
Amazon, Google among 32 entities granted payment aggregator licence
The companies whose applications were returned by the RBI are Freecharge, PayTM, PayU Payments, and Tapits Tech.
BharatPe gets RBI nod to operate as payment aggregator
The fintech unicorn will launch online payment aggregator business upon the receipt of the final authorisation.
Infibeam Avenues surges 20% after getting payment aggregator licence
The fintech company's stock surged 19.72% to ₹17.30 on the National Stock Exchange.
Razorpay, Pine Labs get RBI nod for payment aggregator licence
For safety of merchants and consumers, RBI had issued a framework in March 2020, making it mandatory for payment gateways to have a licence to acquire merchants and provide them with digital solutions
