Amazon, Google Among 54 Entities Granted Payment Aggregator License by RBI

Amazon, Google Among 54 Entities Granted Payment Aggregator License by RBI

The Reserve Bank on Wednesday released a list of 54 entities, including Amazon (Pay) India, Google India Digital Services, NSDL Database Management, and Zomato Payments, which can continue to operate as Online Payment Aggregators (PAs). In a statement, the RBI said while the exercise of scrutiny of applications of PAs is an ongoing process, for … Read more

Rbi: RBI gives PA licence to 32 companies: Names, biggest winners, losers; and all other key questions answered – Times of India

Rbi: RBI gives PA licence to 32 companies: Names, biggest winners, losers; and all other key questions answered – Times of India

The Reserve Bank of India (RBI) has granted in-principle approval to 32 existing payment aggregators (PAs), allowing them to continue their operations. In a statement, the RBI said while the exercise of scrutiny of applications of PAs is an ongoing process, for the purpose of disseminating information and ensuring greater transparency, the list of entities … Read more