New Launch14 Nov 2025, 07:22 pm
Infibeam Avenues Granted Authorization as Physical Payment Aggregator by RBI
AI Summary
Infibeam Avenues Ltd has been granted final authorization by the Reserve Bank of India (RBI) to operate as a Payment Aggregator in Physical, in addition to the existing Online Payment Aggregator License under the Payment and Settlement Systems Act, 2007. This authorization allows the company to provide digital payments services to any merchant(s) across the country.
Key Highlights
- Infibeam Avenues Ltd has been granted authorization by the Reserve Bank of India (RBI) to operate as a Physical Payment Aggregator.
- This authorization is in addition to the existing Online Payment Aggregator License.
- The company can now provide digital payments services to any merchant(s) across the country.
- The authorization is granted under the Payment and Settlement Systems Act, 2007.