PayU India and Paytm get first in-principle approvals to function as consumer payment gateways
Advertisement
Advertisement
Gurgaon-based Vijay Shekhar Sharma, founder of Paytm, said that RBI has laid some conditions so that the final authorisation can be approved.
"We're planning to launch the payments unit by August-September, alongside our payments bank," he added.
Companies with in-principle approvals need to meet two conditions, one being a certification from National Payment Corporation of India (
It was in November 2015 that RBI had granted in-principal approval to NPCI, so that it could function as
Advertisement
Advertisement
- Thailand is now welcoming Indians with open arms, but are its drought-hit islands really prepared for a tourism influx?
- Thoughtful gift ideas to make Mother's Day extra special
- Muslims up, Hindus down: What’s the larger picture behind India’s religious population trends?
- Scooch over magic mushrooms, toad venom could be the next big psychedelic for depression and anxiety!
- TBO Tek IPO allotment – How to check allotment, GMP, listing date and more
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market