MSwipe receives RBI approval to expand into online payments and merchant sound devices

B Capital-backed merchant lending and offline payments company MSwipe received in-principle approval from the Reserve Bank of India (RBI) for the payment aggregator licence on August 8.

Customers of MSwipe for offline payments include the multinational pizza chain Dominos, the airlines Vistara, GoFirst, and Spicejet, the e-commerce player Flipkart, the food delivery app Zomato, and the ticket booking app BookMyShow. With the launch of its online payment gateway, the company, which provides point of sale (PoS) devices for offline payments, will now plan a foray into the online payments space.