Amazon Pay, Adyen, and Billdesk Secure PA-CB License from RBI.

Economy Business

Amazon Pay, Adyen, and Billdesk have recently secured the Payment Aggregator and Payment Gateway (PA-CB) license from the Reserve Bank of India (RBI). This license authorizes these companies to offer payment gateway services and facilitate digital transactions within India. The PA-CB license is a significant milestone for these firms as it enhances their credibility and allows them to expand their payment solutions in the Indian market. The RBI's stringent requirements for this license ensure a higher standard of security and compliance, which will benefit both merchants and consumers by providing a more secure and efficient payment infrastructure.


      The PA-CB license strengthens regulatory oversight and promotes transparency in digital payment systems in India.

      The new license facilitates smoother integration of digital payment solutions for businesses, enhancing overall market efficiency.

     

 

     


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