PhonePe secures RBI’s final nod to operate as online payment aggregator
PhonePe on Friday announced that it has secured final approval from the RBI to function as an online payment aggregator. The regulatory clearance will allow the fintech major to scale its digital payments network by onboarding online merchants, with a particular push toward small and medium enterprises (SMEs) across India.
The company believes the nod positions it to serve a broader spectrum of enterprises seeking reliable and secure payment processing solutions.
