New Launch5 Aug 2025, 05:21 pm
RBI Grants In-Principle Authorization to IRCTC Payments Limited as Online Payment Aggregator
AI Summary
Indian Railway Catering and Tourism Corporation Ltd (IRCTC) has announced that its Wholly Owned Subsidiary, IRCTC Payments Limited, has received an 'In-Principle' authorization from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007. This authorization was granted via a letter dated August 04, 2025, which was received via email on August 05, 2025.
Key Highlights
- IRCTC Payments Limited, a Wholly Owned Subsidiary of IRCTC, received an 'In-Principle' authorization from the RBI.
- The authorization is to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007.
- The authorization was granted via a letter dated August 04, 2025, and received via email on August 05, 2025.