RBI gave BharatPe an in-principle approval to operate as a payment aggregator

The Reserve Bank of India (RBI) has granted BharatPe Group in-principle approval to operate as an online payment aggregator.

According to a company statement, Resilient Payments Private Ltd, a 100% owned subsidiary of Resilient Innovations Private Ltd, has received in-principle approval (BharatPe). Certain conditions must be met before the final authorization is granted. BharatPe will now begin working on fulfilling the said conditions within the prescribed timeline and will launch the online payment aggregator business upon receiving final approval from the RBI, it added.