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PayU gets RBI s in-principle approval to operate as Payment Aggregator | Indiablooms - First Portal on Digital News Management

Mumbai: After a wait of nearly 15 months, the Reserve Bank of India (RBI) has granted initial approval to PayU, a fintech firm backed by Prosus, to operate as a Payment Aggregator (PA) and resume the process of onboarding new merchants.

Kunal shahAnirban mukherjeePayment aggregatorUmbai aftera wait of nearly 15 monthsHe reserve bank of india rbi has granted initial approval to payuA fintech firm backed by prosusO operate asa payment aggregator pa and resume the process of onboarding new merchants

PayU PA licence: PayU gets in-principle nod from RBI to be payment aggregator

In 2022, the central bank had banned payment aggregators, including PayU, and restricted them from onboarding new merchants to its platform.

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PayU gets RBI s in-principle nod to operate as payments aggregator

Digital financial services provider PayU on Tuesday announced that it has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payments Aggregator (PA) under the Payment Settlements Act, 2007.This approval .

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PayU gets RBI s in-principle approval to operate as payment aggregator

PayU gets RBI s in-principle approval to operate as payment aggregator
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PayU receives RBI nod to operate as payment aggregator

PayU receives RBI nod to operate as payment aggregator
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