PayU Gets RBI Nod To Operate As Online, Offline & Cross-Border Payment Aggregator

Receiving an RBI nod to operate as a cross border payment aggregator will strengthen PayU’s cross border offerings which will allow its offshore merchants to collect payment in India

In May, the IPO-bound fintech got a final authorisation from the apex bank to operate as a payment aggregator (PA) to enable online merchants to accept various payment instruments

RBI-authorised PA-CB entities are licensed companies which can offer cross border payment transaction services for…