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The frozen amount belonged to various Chinese-controlled entities that lured users with promises of high returns on their crypto investments. A total of ₹178 crore has been frozen in the case.
RBI recently granted license to over 50 payment aggregators to act as online payment aggregators. We provide a list of all the entities whose applications have been approved, are in process, or have been returned.
The Reserve Bank of India (RBI) on Wednesday gave an in-principle nod to the payment arms of US technology majors Amazon and Google and 30 others including Reliance Jio Infocomm's Reliance Payment Solutions to operate as online payment aggregators. -- aaa
Applications of 18 existing payment aggregators, including Bhartipay and PhonePe, are under process, the RBI said.
Payments solution provider Razorpay, which was raided by the Enforcement Directorate recently, in a statement said that it has cooperated with the agency and its funds have not been frozen.