Open receives RBI in-principle approval for Payment Aggregator license
Open issued In-principle regulatory approval affecting Reserve Bank of India on November 14, 2022.
- Primary
- Open
- Counterparty
- Reserve Bank of India
- Structure
- In-principle regulatory approval
- Date
- November 14, 2022
- Sub-sector
- Payments
Payment Aggregator license enables Open to legally acquire merchants and offer payment services in India, supporting its SME fintech platform expansion.
Source: thehindubusinessline.com