PayU India RBI Payment Aggregator licence approval lifted
PayU India issued Regulatory embargo lifted; Payment Aggregator licence in-principle approval granted affecting Reserve Bank of India on April 1, 2024.
- Primary
- PayU India
- Counterparty
- Reserve Bank of India
- Structure
- Regulatory embargo lifted; Payment Aggregator licence in-principle approval granted
- Date
- April 1, 2024
- Sub-sector
- Payments
RBI lifted 15-month merchant onboarding ban in April 2024, enabling PayU to resume growth and onboard 4,000+ new merchants.
Source: moneycontrol.com