MoU9 Dec 2025, 06:31 pm
Radiant Cash Management Services Ltd Amends MOA to Expand into Digital Payments Ecosystem
AI Summary
Radiant Cash Management Services Ltd has received shareholder approval to amend its Memorandum of Association (MOA) to strengthen its service portfolio. The company aims to expand its business operations beyond physical cash logistics into the digital payments ecosystem, aligning with evolving industry trends. This strategic shift will enable the company to operate as a Payment Aggregator / Payment Gateway, subject to obtaining necessary regulatory approvals from the Reserve Bank of India and other authorities.
Key Highlights
- Shareholders of Radiant Cash Management Services Ltd have approved amendments to the Objects Clause of the MOA.
- The company seeks to expand its business operations into the digital payments ecosystem, building a 'phygital' platform.
- Radiant Cash Management Services Ltd aims to operate as a Payment Aggregator / Payment Gateway, subject to regulatory approvals.
- The amendments will allow the company to provide multiple secure online, offline, or physical point of sale payments systems and solutions to merchants.
- The company will also facilitate processing of payments and settlements to merchants, mobile and internet related payments, and more.