The ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/digital-payments-ecosystem” target=”_blank”>digital payments ecosystem has become intensely competitive with the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/reserve-bank-of-india” target=”_blank”>Reserve Bank of India issuing payment aggregator (PA) licences to more than 50 entities, pushing core ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/transaction-processing-margins” target=”_blank”>transaction processing margins to what industry executives see as unsustainable levels.

These aggregators facilitate digital payments for online merchants in categories such as ecommerce, food delivery and travel. With a crowded field and large players like data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/razorpay-cashfree-secure-rbi-approval-for-payment-aggregator-business/articleshow/106130989.cms” data-type=”tilCustomLink” target=”_blank”>Razorpay, Cashfree, data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/payu-gets-final-nod-from-rbi-to-process-online-business-payments/articleshow/121142377.cms” data-type=”tilCustomLink” target=”_blank”>PayU and rel=”dofollow” href=”https://economictimes.indiatimes.com/one97-communications-ltd/stocks/companyid-2017785.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Paytm slashing rates, newly licensed firms are finding it increasingly difficult to scale…

The ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/digital-payments-ecosystem” target=”_blank”>digital payments ecosystem has become intensely competitive with the ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/reserve-bank-of-india” target=”_blank”>Reserve Bank of India issuing payment aggregator (PA) licences to more than 50 entities, pushing core ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/transaction-processing-margins” target=”_blank”>transaction processing margins to what industry executives see as unsustainable levels.

These aggregators facilitate digital payments for online merchants in categories such as ecommerce, food delivery and travel. With a crowded field and large players like data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/razorpay-cashfree-secure-rbi-approval-for-payment-aggregator-business/articleshow/106130989.cms” data-type=”tilCustomLink” target=”_blank”>Razorpay, Cashfree, data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/tech/technology/payu-gets-final-nod-from-rbi-to-process-online-business-payments/articleshow/121142377.cms” data-type=”tilCustomLink” target=”_blank”>PayU and rel=”dofollow” href=”https://economictimes.indiatimes.com/one97-communications-ltd/stocks/companyid-2017785.cms” data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank”>Paytm slashing rates, newly licensed firms are finding it increasingly difficult to scale…