The Indian Railway Catering and Tourism Corporation (IRCTC) plans to enter the payment aggregator space and has plans to approach Reserve Bank of India for an aggregator license.
According to BusinessLine, IRCTC, a railway public sector undertaking (of Indian Railways), recently received approval from the Registrar of Companies, NCT Delhi and Haryana, and is now being asked to replace the’main objects clause’ in its memorandum of association (MoA) with a new clause in order to perform as a payment aggregator. Following that, IRCTC will be fully prepared to enter the Indian digital payment sector, approaching the RBI for a payment aggregator license.
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The Indian Railway Catering and Tourism Corporation (IRCTC) plans to enter the payment aggregator space and has plans to approach Reserve Bank of India for an aggregator license.
According to BusinessLine, IRCTC, a railway public sector undertaking (of Indian Railways), recently received approval from the Registrar of Companies, NCT Delhi and Haryana, and is now being asked to replace the’main objects clause’ in its memorandum of association (MoA) with a new clause in order to perform as a payment aggregator. Following that, IRCTC will be fully prepared to enter the Indian digital payment sector, approaching the RBI for a payment aggregator license.
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.
