IPO-Bound PayU Gets Nod To Operate As Payment Aggregator

The development comes a year after PayU received in-principle approval from the RBI in April 2024 to operate as an online payment aggregator

The IPO-bound payments solutions provider raised INR 1,013 Cr from its Dutch parent Prosus via a rights issue last month

A PA licence allows a fintech platform to onboard merchants and deploy digital payments solutions

Prosus-owned payment solutions major PayU India has received the final authorisation from the Reserve Bank of…