RBI grants PayU authorisation for online, offline and cross-border payments

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PayU has received integrated authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator for online, offline and cross-border transactions under the Payment and Settlement Systems Act.

The authorisation enables the firm to handle transaction collection and fund movement for merchants in physical and digital environments, along with processing inbound and outbound international payments.

As part of the licence conditions, PayU is allowed to onboard businesses, manage payment flows and execute settlements in accordance with the…



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RBI grants PayU authorisation for online, offline and cross-border payments


PayU has received integrated authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator for online, offline and cross-border transactions under the Payment and Settlement Systems Act.

The authorisation enables the firm to handle transaction collection and fund movement for merchants in physical and digital environments, along with processing inbound and outbound international payments.

As part of the licence conditions, PayU is allowed to onboard businesses, manage payment flows and execute settlements in accordance with the…



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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