MSwipe receives RBI approval to expand into online payments and merchant sound devices

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B Capital-backed merchant lending and offline payments company MSwipe received in-principle approval from the Reserve Bank of India (RBI) for the payment aggregator licence on August 8.

Customers of MSwipe for offline payments include the multinational pizza chain Dominos, the airlines Vistara, GoFirst, and Spicejet, the e-commerce player Flipkart, the food delivery app Zomato, and the ticket booking app BookMyShow. With the launch of its online payment gateway, the company, which provides point of sale (PoS) devices for offline payments, will now plan a foray into the online payments space.

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MSwipe receives RBI approval to expand into online payments and merchant sound devices

B Capital-backed merchant lending and offline payments company MSwipe received in-principle approval from the Reserve Bank of India (RBI) for the payment aggregator licence on August 8.

Customers of MSwipe for offline payments include the multinational pizza chain Dominos, the airlines Vistara, GoFirst, and Spicejet, the e-commerce player Flipkart, the food delivery app Zomato, and the ticket booking app BookMyShow. With the launch of its online payment gateway, the company, which provides point of sale (PoS) devices for offline payments, will now plan a foray into the online payments space.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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