RBI recently granted license to over 50 payment aggregators to act as online payment aggregators. We provide a list of all the entities whose applications have been approved, are in process, or have been returned.
The Reserve Bank of India (RBI) on Wednesday gave an in-principle nod to the payment arms of US technology majors Amazon and Google and 30 others including Reliance Jio Infocomm s Reliance Payment Solutions to operate as online payment aggregators. aaa
The users will also have access to the platform’s custom approval workflows, APIs, and integrations with existing legacy ERPs for continuity in operations.