New Payment Aggregator Approval
February 15 , 2024
201 days
369
- RBI has authorized payment aggregator license to Zoho and fintech companies Juspay and Decentro.
- Earlier Stripe, Zomato, and Tata Pay received approval in January 2023.
- Major fintech players like Razorpay and Cashfree received the license in 2022.
- Till now, a total of 8 companies have got the payments aggregator license from the RBI.
- The license allows companies to offer payment services to online businesses and e-commerce companies.
- They will accept payments from customers on behalf of merchants and pool the funds before transferring them to merchants after a set period of time.
![](https://www.tnpscthervupettagam.com/assets/home/media/general/original_image/15-463.jpg)
Post Views:
369