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RBI gave BharatPe an in-principle approval to operate as a payment aggregator

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RBI gave BharatPe an in-principle approval to operate as a payment aggregator

By: Sreejit Kumar

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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Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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By Sreejit Kumar

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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Previous article
Microsoft to invest $10 billion in creator of buzzy A.I. tool ChatGPT
Next article
upGrad’s CEO Arjun Mohan resigns
Sreejit Kumar
Sreejit Kumar
Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.

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