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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