With licences in, payment aggregators gear up for rising demand from merchants
The RBI’s approval for companies such as Cashfree and Razorpay to onboard new merchants has come as a relief for the payments ecosystem.
Source: moneycontrol.com
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Life after getting payment aggregator license: Thousands of merchants already pinging us, says Razorpay's Harshil Mathur
Razorpay received the final approval from the Reserve Bank of India to operate as a payment aggregator on December 19. Mathur says company is very much ready, and can on-board merchants from day one.
Source: moneycontrol.com
Big blow for Gameskraft in Rs 21,000 crore GST evasion case; RBI wants fintechs to self-regulate
In a setback for online gaming firm Gameskraft, the Supreme Court has overturned the Karnataka High Court's order that quashed a GST notice against it for alleged evasion of Rs 21,000 crore.
Source: indiatimes.com
Google makes policy changes to accomodate CCI directives
Google’s move comes less than a week after the Supreme Court denied its plea to grant a stay on CCI’s October order, fining the company ₹1337.76 crore for abusing its dominance in the Android market
Source: livemint.com