Groww Pay, the UPI platform of brokerage firm Groww, has secured an online payment aggregator (PA) licence from RBI.

Banking & Finance

Groww Pay, the UPI platform of brokerage firm Groww, has secured an online payment aggregator (PA) licence from RBI. This licence allows Groww Pay to facilitate online transactions through its platform using its UPI app, Groww Pay. This move marks Groww's expansion into financial services beyond its usual investment and broking offerings. Since last year, Groww has been offering UPI payment services through its Groww Pay Private Limited feature, in partnership with YES Bank. The platform has been focusing on bill payments like electricity and water bills, DTH recharges, as well as loan and credit card repayments.


     

     

     

 

     


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