Zomato gets RBI nod to operate as online payment aggregator
With effect from January 24, Zomato Payments Pvt Ltd has received permission to operate as an online payments regulator
By : The Federal
Update: 2024-01-25 11:34 GMT
Online food delivery firm Zomato on Thursday said its subsidiary Zomato Payments Pvt Ltd (ZPPL) has received authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
The company had disclosed on August 4, 2021 about the incorporation of ZPPL, a wholly-owned subsidiary, to carry out the business as a payment aggregator and issuer of pre-paid payment instruments.
"We wish to inform that ZPPL has been granted certificate of authorisation…from (RBI) to operate as an Online Payment Aggregator in India with effect from January 24," Zomato said in a regulatory filing.
(With agency inputs)