PhonePe has received the final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator
The development comes over two years after PhonePe received in-principle approval from the RBI in August 2023 to operate as an online payment aggregator
The authorisation will enable PhonePe to expand its reach among online merchants, with a particular focus on small and medium businesses (SMEs) across the country
Walmart-owned fintech PhonePe has received the final authorisation from the…

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