PayU Gets RBI Nod To Operate As Online, Offline & Cross-Border Payment Aggregator

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SUMMARY

Receiving an RBI nod to operate as a cross border payment aggregator will strengthen PayU’s cross border offerings which will allow its offshore merchants to collect payment in India

In May, the IPO-bound fintech got a final authorisation from the apex bank to operate as a payment aggregator (PA) to enable online merchants to accept various payment instruments

RBI-authorised PA-CB entities are licensed companies which can offer cross border payment transaction services for…



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PayU Gets RBI Nod To Operate As Online, Offline & Cross-Border Payment Aggregator


SUMMARY

Receiving an RBI nod to operate as a cross border payment aggregator will strengthen PayU’s cross border offerings which will allow its offshore merchants to collect payment in India

In May, the IPO-bound fintech got a final authorisation from the apex bank to operate as a payment aggregator (PA) to enable online merchants to accept various payment instruments

RBI-authorised PA-CB entities are licensed companies which can offer cross border payment transaction services for…



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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