Payments solutions startup SabPaisa received ‘in-principle’ approval from the Reserve Bank of India (RBI) to operate as a payment aggregator.
The licence will allow SabPaisa to scale its offerings in order to bring on more merchants and close the “innovation gap.” The startup will be able to improve the platform’s product line by bringing “unification, inclusivity, experience, and performance” with the help of the authorization. With the licence, SabPaisa joins a select group of fintech startups that also includes Infibeam Avenues, Razorpay, Mswipe, and Pine Labs. The bootstrapped startup with its headquarters in New Delhi claims to have doubled its revenue in the last two fiscal years.
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Payments solutions startup SabPaisa received ‘in-principle’ approval from the Reserve Bank of India (RBI) to operate as a payment aggregator.
The licence will allow SabPaisa to scale its offerings in order to bring on more merchants and close the “innovation gap.” The startup will be able to improve the platform’s product line by bringing “unification, inclusivity, experience, and performance” with the help of the authorization. With the licence, SabPaisa joins a select group of fintech startups that also includes Infibeam Avenues, Razorpay, Mswipe, and Pine Labs. The bootstrapped startup with its headquarters in New Delhi claims to have doubled its revenue in the last two fiscal years.
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.
