PhonePe gets RBI nod to operate as online payment aggregator

This will allow the Walmart-owned company to expand its presence among online merchants, especially small and medium enterprises (SMEs), it said in a statement on Friday.

“With this authorisation, PhonePe is well-positioned to accelerate financial inclusion by providing accessible payment solutions to businesses that were previously underserved, particularly in the SME segment,” said Yuvraj Singh Shekhawat,…