New Launch26 Aug 2025, 06:31 pm
Aditya Birla Capital Ltd Receives RBI's In-Principle Authorization as Online Payments Aggregator
AI Summary
Aditya Birla Capital Limited has informed the Exchange about receiving an ‘In-Principle’ authorization from the Reserve Bank of India (RBI) for its subsidiary, Aditya Birla Capital Digital Limited, to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007. This authorization was granted by the RBI on 20 August 2025.
Key Highlights
- Aditya Birla Capital Limited received RBI's in-principle authorization for its subsidiary.
- Aditya Birla Capital Digital Limited is now authorized to operate as an Online Payment Aggregator.
- The authorization falls under the Payment and Settlement Systems Act, 2007.
- The RBI's letter was received by the Company on 26 August 2025.
- This development is in line with the company's strategic initiatives in the digital payments space.