PayU gets RBI approval to operate as multi mode Payment Aggregator


PayU, a diversified fintech platform, said it had received integrated authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator across online, offline (physical) and cross-border transactions, including both ‘Inward and Outward’, under the Payment and Settlement Systems (PSS) Act. 

This approval enables PayU seamless payment acceptance, settlement and cross-border solutions for merchants across channels. 

“This milestone reinforces our commitment to building a resilient and innovation-driven payments ecosystem, enabling us to offer secure, transparent, and customer-first payment solutions, including seamless omni-channel experiences for merchants of all sizes,” said a PayU spokesperson.

“This development further strengthens PayU’s position as a full-stack digital payments provider, empowering businesses with reliable and seamless experiences across online, offline and cross-border touchpoints,” the firm added.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *