Mumbai (Maharashtra) [India], September 10 (ANI/PNN): Lyra Network Private Limited, a fintech and paytech solutions platform, has received approval from the Reserve Bank of India (RBI) for Payment Aggregator (PA) Authorization. Founded in 2007 in India, Lyra Network has built its way up to becoming a well-recognised player in the field of digital payment solutions. Lyra's tailor-made digital payment solutions cater to all unique payment requisites of businesses/merchants and offer them a secure and frictionless digital payment platform. "We are incredibly proud to share this news. Lyra acknowledges the responsibility that comes with this approval and will continue to accelerate its activity in India's Digital Payments growth process. Lyra will always stand committed to its vision to offer frictionless, secure and easy to handle payment acceptance solutions", said Rajesh Desai, Co-founder, CEO and MD, Lyra Network India. "The Indian fintech space is continuously t
The National Payments Corporation of India (NPCI) on Friday stated that the linking of RuPay credit cards to Unified Payment Interface (UPI)- India's prominent digital payment network, is expected to take place within the next two months. Moreover, NPCI is expected to send the framework of its proposal to India's central bank viz Reserve Bank of India in the next 10 days
RuPay credit card issuers that included big banks such as State Bank of India (SBI), Bank of Baroda (BOB), Union Bank and Axis bank, amongst others have already submitted their proposals to NPCI