Archive · 19 Sep 2025
PhonePe Receives RBI Nod for Online Payment Aggregator
PhonePe, a big company for online payments in India, has gotten the final OK from the RBI, which is like the country's money manager.
This means PhonePe can now help even more small and medium-sized businesses accept payments online.
It's like they're building a bigger and better payment system.
With this, PhonePe can help more businesses and make it easier for them to handle money.
They have many users already and help many businesses.
PhonePe received final authorization from the RBI.
The authorization allows PhonePe to operate as an online payment aggregator.
PhonePe aims to expand its merchant network.
The focus is on providing accessible payment solutions to SMEs.
PhonePe has over 650 million registered users.
- Who
- PhonePe
- What
- Received final authorization to operate as an online payment aggregator
- When
- Not specified
- Where
- India
- Why
- To expand its merchant network and provide accessible payment solutions.
Industry Benefits
Risk Assessment
SME Growth
Industry Benefits
Facilitates SME growth by providing accessible payment solutions.
Risk Assessment
Potential risks include fraud or lack of regulatory compliance.
- Company
- PhonePe
- Regulatory Body
- Reserve Bank of India (RBI)
- Authorization
- Online Payment Aggregator
- Focus
- Small and Medium Businesses (SMEs)
- Registered Users
- Over 650 million
- Merchant Network
- 45 million
