PayGlocal Receives RBI Approval to Operate as Online Merchant Payments Aggregator.

Banking & Finance

PayGlocal has received approval from the Reserve Bank of India (RBI) to operate as an online merchant payments aggregator. This authorization allows PayGlocal to facilitate digital transactions for various merchants, streamlining the payment process and enhancing convenience for both businesses and customers. As an approved aggregator, PayGlocal will offer services that include payment gateway solutions, transaction processing, and financial reconciliation, contributing to the growth of digital commerce in India. The RBI's nod underscores the increasing regulatory support for digital payment solutions, promoting innovation and efficiency in the financial technology sector.


      PayGlocal’s approval enhances access to seamless online payment solutions for small and medium-sized enterprises (SMEs).

      The RBI’s endorsement positions PayGlocal as a significant player in India’s evolving digital payment landscape.

     

 

     


About RBI,

CEO : Shaktikanta Das
Headquarter : Mumbai
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