Archive · 19 Sep 2025
RBI Approves PhonePe for Online Payment Aggregation
PhonePe has been approved by the RBI to handle online payments.
This means they can help businesses accept payments online.
SEBI, the market regulator, has also introduced a new system for related party transactions.
This new system is based on the size of the company.
Smaller companies face stricter rules, while larger ones have higher thresholds.
The goal is to make things more transparent and trustworthy for investors by giving auditors more power.
PhonePe receives final approval from RBI to operate as an online payment aggregator.
SEBI introduces a scale-based approach for related party transactions.
Stricter rules are set for smaller companies.
Larger companies have raised thresholds.
The new framework aims to improve governance and increase transparency.
- Who
- PhonePe, SEBI
- What
- Final nod to operate as online payment aggregator, new framework
- When
- Recently
- Where
- Not specified
- Why
- To improve governance and empower auditors for transparency
- Regulatory Body
- RBI
- Key Action
- Final nod for PhonePe
- Framework
- Scale-based approach