Archive · 20 Sep 2025
PhonePe Receives Final RBI Approval for Payment Aggregator
PhonePe got final approval from the RBI to be an online payment aggregator.
This lets PhonePe help more businesses accept online payments.
PhonePe aims to help businesses of all sizes, especially small and medium businesses.
The company’s payment gateway will allow smooth and reliable checkout experiences for customers.
This authorization will help PhonePe accelerate financial inclusion.
The platform provides instant onboarding, applications and plug-ins for businesses to grow faster.
This development is expected to make payment processes easier for merchants.
PhonePe received final authorization from the RBI to operate as an online payment aggregator.
The authorization allows PhonePe to expand its reach and tap into online merchants.
PhonePe's payment gateway offers a platform for businesses to accept payments.
The focus is on small and medium businesses.
The platform offers instant onboarding.
- Who
- PhonePe
- What
- Received final authorization to operate as an online payment aggregator
- When
- September 20, 2025
- Where
- India
- Why
- To expand its reach and serve a broader spectrum of enterprises.
- Company
- PhonePe
- Authorization
- Online Payment Aggregator
- Granting Body
- Reserve Bank of India (RBI)
Sources
IPO-Bound PhonePe Gets Final Nod To Operate As Payment Aggregator
PhonePe gets RBI nod to operate as online payment aggregator
PhonePe gets final RBI authorisation to operate as online payment aggregator
PhonePe Receives Final RBI Nod To Function As Online Aggregator- Why It Took 2-Years Post In-Principle Clearance?
