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In an exchange filing, the food delivery platform said the central bank has allowed to carry out the business as payment aggregator and issuer of pre-paid payment instruments with effect from January 24, 2024.
Tata Payments, a digital payments application operating under Tata Digital, has obtained a Payment Aggregator...
Happy 2024! Welcome to the first edition of ETtechs Top 5 in the new year. Tata groups digital payments business, Tata Payments, has secured a payment aggregator licence from the Reserve Bank of India (RBI). This and more in todays edition of our daily evening newsletter.
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.
Payment aggregators will facilitate payments to merchants by offering their technology platform and won’t be involved in settlement of funds.