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While banks can continue running their PA businesses without fresh approval, non-banks players will be required to apply for fresh authorisation by December 31
Applicants will be required to show a minimum net worth of INR 15 Cr at the time of submitting their request and attain INR 25 Cr by the end of third financial year of grant of authorisation
Under Payment aggregators will now be required to undertake KYC verification, conduct background checks on merchants and monitor…
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.
While banks can continue running their PA businesses without fresh approval, non-banks players will be required to apply for fresh authorisation by December 31
Applicants will be required to show a minimum net worth of INR 15 Cr at the time of submitting their request and attain INR 25 Cr by the end of third financial year of grant of authorisation
Under Payment aggregators will now be required to undertake KYC verification, conduct background checks on merchants and monitor…
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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