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Infibeam Avenues has secured final authorisation from the Reserve Bank of India (RBI) to operate as an offline payment aggregator, a move that will allow the company to handle in-store card and QR-based transactions through POS devices
With this authorisation, the company can formally deploy and manage POS machines across merchant outlets under its CCAvenue brand
The company already holds an online payment aggregator licence, along with prepaid payment instrument (PPI) and Bharat…
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Infibeam Avenues has secured final authorisation from the Reserve Bank of India (RBI) to operate as an offline payment aggregator, a move that will allow the company to handle in-store card and QR-based transactions through POS devices
With this authorisation, the company can formally deploy and manage POS machines across merchant outlets under its CCAvenue brand
The company already holds an online payment aggregator licence, along with prepaid payment instrument (PPI) and Bharat…
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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