PayU gets RBI’s nod to run as online, offline and cross-border payment aggregator

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Leslie Atkins
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Fintech platform PayU has actually protected permission from the Reserve Bank of India to run as a payment aggregator. This approval permits PayU to assist in protected and certified online, offline, and cross-border payment deals for merchants. The advancement strengthens PayU’s function as an extensive digital payments company.

< img src ="https://img.etimg.com/thumb/width-650,height-488,imgsize-8162,resizemode-75,msid-125407214/tech/technology/payu-gets-rbis-nod-to-operate-as-online-offline-and-cross-border-payment-aggregator/payu-receives-rbi-approval-to-operate-as-online-offline-and-cross-border-payment-aggregator.jpg" height ="488" alt ="Image for PayU gets RBI's nod to operate as online, offline and cross-border payment aggregator" width ="650" loading ="eager" decoding ="sync">ANI

PayU, a varied fintech platform, on Tuesday got authorisation from the Reserve Bank of India (RBI)to run as a payment aggregator throughout online, offline and cross-border deals, consisting of both inward and outside, under the Payment and Settlement Systems (PSS) Act.

This approval allows PayU to use safe, certified, and smooth payment approval, settlement and cross-border services for merchants throughout channels, the business stated in a declaration.

This advancement even more enhances PayU’s position as a full-stack digital payments service provider, empowering services with trustworthy and smooth experiences throughout online, offline and cross-border touchpoints, it stated. PTI

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