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Lyra Network India receives in-principle approval from the Reserve Bank of India for a Payment Aggregator Licence

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 ....

Rajesh Desai , Manoj Varma , Lyra Network , Lyra Network India , Lyra Network Private , Lyra Network Private Limited , Reserve Bank , Payment Aggregator , Digital Payments , Low Cost , Less Space , Mumbai Maharashtra India , Eptember 10 Ani Pnn Lyra Network Private Limited , A Fintech And Paytech Solutions Platform , As Received Approval From The Reserve Bank Of India Rbi For Payment Aggregator Pa Authorization Founded In 2007 , Yra Network Has Built Its Way Up To Becominga Well Recognised Player In The Field Of Digital Payment Solutions Lyra 39s Tailor Made Cater All Unique Requisites Businesses Merchants And Offer Thema Secure Frictionless Platform Quot We Are Incredibly Proud Share This News Acknowledges Responsibility That Comes With Approval Will Continue Accelerate Activity India Payments Growth Process Always Stand Committed Vision , Ecure And Easy To Handle Payment Acceptance Solutions Quot , Aid Rajesh Desai , Co Founder , Eo And Md , Yra Network India Quot The Indian Fintech Space Is Continuously Transforming With New Trends And Technologies Recognised As Fastest Safest Online Payment Solution Provider , Yra Plans To Assist In India 39s Journey Towards The No Cash Economy From Less By Offering Solutions That Will Deepen Penetration Of Digital Payments Pan Quot , E Added Further The Payment Aggregator Regulation Guidelines Were Introduced By Rbi In 2020 According To These , As Are Entities That Facilitatee Commerce Sites And Merchants To Accept Various Payment Instruments From The Customers For Completion Of Their Obligations Without Need Createa Separate Integration System Own Guidelines Also State Aggregators Must Havea Net Worth Rs 15 Crore By March 2021 , A Net Worth Of Rs 25 Crore By March 2023 , Nd They Have To Maintaina Net Worth Of Rs 25 Crore At All Times Thereafter Quot Rbi Regulations Surely Foster More Trust Toward The Digital Payment Ecosystem Enabling Fintechs And Paytechs Offer Simpler ,