Zomato Payments Private Limited, a wholly-owned subsidiary of Zomato, has been granted a certificate of authorisation from the Reserve Bank of India (RBI) to operate as an 'Online Payments Aggregator'.

Banking & Finance

Zomato Payments Private Limited, a wholly-owned subsidiary of Zomato, has been granted a certificate of authorisation from the Reserve Bank of India (RBI) to operate as an 'Online Payments Aggregator'. The authorisation came into effect from January 24, 2024. Payment aggregators facilitate e-commerce websites, mobile apps, and merchants to accept payment instruments from customers for their transactions, without the need for merchants to create their own payment interface.


      Zomato Payments Private Limited has been granted a certificate of authorisation from the Reserve Bank of India (RBI) to operate as an 'Online Payments Aggregator'.

      The payment gateways will need to obtain an aggregator license to offer digital payment acceptance solutions.

     

 

     


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