Groww secures online payment aggregator licence from RBI
The license will allow the financial services firm to facilitate ecommerce transactions through its platform via its UPI app--Groww Pay.
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The license will allow the financial services firm to facilitate ecommerce transactions through its platform via its UPI app--Groww Pay.
Groww Pay, the UPI payments platform of broking firm Groww, has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payments Aggregator (PA).According to the latest RBI data, the online payment aggregator ...
The PA licence will allow Bengaluru-based Groww to process online payments by itself. The licence was issued in the name of the company's subsidiary payment business Groww Pay.
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NEW DELHI — Groww Pay, the UPI payments platform of broking firm Groww, has received in-principle authorisation from the Reserve Bank of India (RBI) to