Page 6 - Payment Aggregators News Today

The Reserve Bank of India (RBI) on Wednesday said it has granted in-principle approval to 32 existing payment aggregators, allowing them to continue their operations.Amazon (Pay) India Pvt Ltd, Google India Digital Services Pvt Ltd, Reliance ...

Payment aggregators will facilitate payments to merchants by offering their technology platform and won’t be involved in settlement of funds.

Computer Age Management Services Ltd has received the In-Principle authorisation dated 14th February, 2023 from Reserve Bank of India to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007.

Get latest articles and stories on India at LatestLY. The Reserve Bank on Tuesday directed digital lending entities to disclose upfront the names of of their empanelled agents authorised to contact borrowers in case of default of loan, and also intimate the details to customers before initiating the recovery process. India News | Inform Borrowers Upfront About Recovery Agents: RBI to Digital Lenders.

PARIS, SINGAPORE and MANILA, Philippines, Oct. 31, 2022 /PRNewswire/ --Ingenico, a global leader in payments acceptance solutions, announces a partnership with Premise, a payment-led embedded banking platform to provide integrated digital payment solutions and financial services to cash-driven micro merchants across the Philippines. Ingenico is Premise's preferred certified payment terminal provider, deploying the AXIUM DX8000. Running on Android, the terminal allows third-party software int...

The Delhi HC ruled that Payment Aggregators (PAs) fall under the definition of Payment Systems and can therefore be regulated by the RBI.

The Delhi High Court has held that Payment Aggregators (PAs) fall within the ambit of definition of Payment Systems and, therefore, the Reserve Bank of India (RBI) can frame guidelines to regulate them.

The agency initiated a money laundering investigation based on FIR filed by Nagaland Police in 2021. ED officials also revealed during the probe they found that huge balances were maintained in the virtual accounts of the entities involved with payment aggregators.

1Pay is gearing up roll out a number of services once the license is received, , 1Pay

It aims to be the financial operating system to the existing 63 million Indian MSMEs and be the catalyst for Digital Transformation, , Easebuzz Pvt