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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 integration to enable digital payments for these micro-businesses. Premise will also scale its service ...