The Reserve Bank of India (RBI) has granted BharatPe Group in-principle approval to operate as an online payment aggregator.
According to a company statement, Resilient Payments Private Ltd, a 100% owned subsidiary of Resilient Innovations Private Ltd, has received in-principle approval (BharatPe). Certain conditions must be met before the final authorization is granted. BharatPe will now begin working on fulfilling the said conditions within the prescribed timeline and will launch the online payment aggregator business upon receiving final approval from the RBI, it added.
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The Reserve Bank of India (RBI) has granted BharatPe Group in-principle approval to operate as an online payment aggregator.
According to a company statement, Resilient Payments Private Ltd, a 100% owned subsidiary of Resilient Innovations Private Ltd, has received in-principle approval (BharatPe). Certain conditions must be met before the final authorization is granted. BharatPe will now begin working on fulfilling the said conditions within the prescribed timeline and will launch the online payment aggregator business upon receiving final approval from the RBI, it added.
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.
