Homegrown Paytm Payments Bank Limited (PPBL) has got the final approval from Reserve Bank of India (RBI) to operate as Bharat Bill Payment Operating Unit (BBPOU) under the Payment and Settlement Systems Act, 2007, the company said on Monday.As .
As an entity under Bharat Bill Payment System (BBPS), PPBL has got the final authorisation to conduct bill payment and aggregation business as a BBPOU.PPBL
Infibeam Avenues Ltd is further expanding its base and reach in the digital payments ecosystem, with RBI nod to operate as a Payment Aggregator and a perpetual license from the RBI for its bill payments business, BillAvenue.
Infibeam Avenues share price: At today's high level of Rs 16.15, Infibeam Avenues has gained 29.20 per cent compared to its 52-week low of Rs 12.50, hit in May this year. That said, the stock has lost 32.93 per cent from its one-year high level of Rs 97.30, hit in January 2022.