Infibeam Avenues gets RBI nod for offline payment aggregation

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Infibeam Avenues has received final regulatory authorisation from the Reserve Bank of India to operate as an offline payment aggregator, enabling it to handle in-store card and QR-based transactions via POS devices.

The company already holds licences for online payment aggregation, prepaid payment instruments (PPI), and Bharat Bill Pay. The firm recenty obtained in-principle approval from RBI to issue PPIs.

With the new approval, Infibeam Avenues can now deploy and manage POS machines across merchant outlets under its CCAvenue brand. 

Infibeam operates…



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Infibeam Avenues gets RBI nod for offline payment aggregation


Infibeam Avenues has received final regulatory authorisation from the Reserve Bank of India to operate as an offline payment aggregator, enabling it to handle in-store card and QR-based transactions via POS devices.

The company already holds licences for online payment aggregation, prepaid payment instruments (PPI), and Bharat Bill Pay. The firm recenty obtained in-principle approval from RBI to issue PPIs.

With the new approval, Infibeam Avenues can now deploy and manage POS machines across merchant outlets under its CCAvenue brand. 

Infibeam operates…



Source link

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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