PhonePe gets RBI nod to operate as online payment aggregator

BENGALURU: PhonePe has received final authorisation from the Reserve Bank of India (RBI) to function as an online payment aggregator, a move that will allow the Walmart-backed fintech major to deepen its merchant services, particularly targeting small and medium businesses.The approval enables PhonePe to expand its payment gateway operations, giving enterprises access to tools for…

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