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India-based fintech startup EnKash has gotten regulatory approval from the Reserve Bank of India (RBI) to operate as a payment aggregator the the brand name Olympus.
spend management, fintech, startup, payments aggegator license, RBI
India-based payments company Paytm has partnered with SBI Card to launch the Paytm SBI Card on the RuPay network.
credit card, partnership, RBI, Alibaba, digitalisation
The Reserve Bank of India has abandoned plans for a high-profile project intended to rival the country’s dominant payment system, Unified Payments Interface (UPI).
UPI, RBI, payments infrastructure, ecommerce, payments
Provider of mobile payment solutions Boku IN has received and in-principle authorisation, enabling more payment choice for Indian consumers and Boku merchants.
payments aggegator license, RBI, mobile payments, merchants, digital payments
Payments company Paytm has gotten approval from the Reserve Bank of India (RBI) to operate as a Bharat Bill Payment Operating Unit (BBPOU).
RBI, Paytm, payments aggegator license, digital payments, payment processing
India-based fintech BharatPe has gotten an in-principle authorisation from the Reserve Bank of India (RBI) to operate as online payment aggregator (PA).
payments aggegator license, RBI, online payments, fintech, digital payments
The Reserve Bank of India has introduced a single-block-and-multiple debits functionality in UPI to augment payments for ecommerce and investments in securities.
UPI, RBI, product upgrade, ecommerce, investment
The Reserve Bank of India (RBI) has declined to give a payment aggregator (PA) to fintech Paytm, and has been bard from onboarding new online merchants.
RBI, Paytm, merchants, merchant onboarding, regulation