RBI has the powers to regulate payment aggregators: Delhi High Court
The Delhi HC ruled that Payment Aggregators (PAs) fall under the definition of Payment Systems and can therefore be regulated by the RBI.
Source: medianama.com
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Payment Aggregators fall within definition of Payment System; RBI has power to regulate them: Delhi High Court
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.
Source: barandbench.com
Paytm, Razorpay, Cashfree, Easebuzz in soup as ED freezes Rs 46.67 cr from the cos' bank account
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.
Source: businesstoday.in
RBI Approves 1Pay To Become Payment Aggregator
1Pay is gearing up roll out a number of services once the license is received, , 1Pay
Source: businessworld.in
Easebuzz Gets In Principle Approval From RBI For Payment Aggregation Authorisation
It aims to be the financial operating system to the existing 63 million Indian MSMEs and be the catalyst for Digital Transformation, , Easebuzz Pvt
Source: businessworld.in