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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