Cashfree Payments hasobtainedthe Reserve Bank of India’s (RBI) Prepaid Payment Instrument (PPI) license. This positions Cashfree Payments among the first fintech companies to receive the PPI license from RBI. Previously, it has receivedPayment Aggregator (PA), andPayment Aggregator-Cross Border (P...
9. RBI gives in principle nod to Worldline ePayments India to act as payment aggregator. Worldline ePayments India (WEIPL) has received in-principle authorisation from the Reserve Bank of India to act as a payment aggregator. WEIPL received a communication to this effect from RBI on 20 Decembe...
Axis Bank adopted the Account Aggregator Framework in 2022. It observed a 92% QoQ growth in AA based Personal loans disbursal, according to itsfinancial resultsfor the quarter ending in June 2024. It also registered 80 lakh users in 14 months on its ‘One View’ platform released in June 2...
As noted by research firm CLSA, Paytm would also have to find new partner banks to provide UPI services as well as its payment aggregator business.RBI’s move has sent shockwaves throughout India’s startup scene. Ashneer Grover, co-founder of fintech unicorn BharatPe, wrote...
As noted by research firm CLSA, Paytm would also have to find new partner banks to provide UPI services as well as its payment aggregator business.RBI’s move has sent shockwaves throughout India’s startup scene. Ashneer Grover, co-founder of fintech unicorn BharatPe, wrote on his X ...
“The network is run by NPCI, but letters of authorization have been denied citing fiduciary responsibility while RBI publishes letters of authorization of payment system operators – as mandated by PSS Act 2007,” Lakshamanan told MediaNama. “The lack of transparency from RBI is deeply worrying...