Amazon, Google and 30 other entities got RBI nod to serve as payment aggregators

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According to a list released by the Reserve Bank of India, 32 entities have received “in-principle approval” to operate as online payment aggregators. 18 applications are currently being reviewed, with four being returned.

Billdesk, Amazon, Google, Reliance, Razorpay, Pine Labs, Cashfree, Infibeam, Zomato Payments, Open, and Stripe are among those who have received approval. Razorpay and Cashfree are no longer accepting new merchants until further notice. Cred, Instamojo, PhonePe, Zaak Epayment (Mobikwik), and LivQuik are among the 18 applications still in the works. On the other hand Paytm didnt received the license and replied to Startupnews.fyi “We are already in the process of reapplying as updated in our recent earnings release. As shared earlier, this does not have any material impact on our online business and revenues”

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Amazon, Google and 30 other entities got RBI nod to serve as payment aggregators

According to a list released by the Reserve Bank of India, 32 entities have received “in-principle approval” to operate as online payment aggregators. 18 applications are currently being reviewed, with four being returned.

Billdesk, Amazon, Google, Reliance, Razorpay, Pine Labs, Cashfree, Infibeam, Zomato Payments, Open, and Stripe are among those who have received approval. Razorpay and Cashfree are no longer accepting new merchants until further notice. Cred, Instamojo, PhonePe, Zaak Epayment (Mobikwik), and LivQuik are among the 18 applications still in the works. On the other hand Paytm didnt received the license and replied to Startupnews.fyi “We are already in the process of reapplying as updated in our recent earnings release. As shared earlier, this does not have any material impact on our online business and revenues”

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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