General
Synopsis
Fintech platform PayU has secured authorization from the Reserve Bank of India to operate as a payment aggregator. This approval allows PayU to facilitate secure and compliant online, offline, and cross-border payment transactions for merchants. The development solidifies PayU’s role as a comprehensive digital payments provider.
ANIPayU, a diversified fintech platform, on Tuesday received authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator across online, offline and cross-border transactions, including both inward and outward, under the Payment and Settlement Systems (PSS) Act.
This approval enables PayU to offer secure, compliant, and seamless payment acceptance, settlement and cross-border solutions for merchants across channels, the company said in a statement.
This development further strengthens PayU’s position as a full-stack digital payments provider, empowering businesses with reliable and seamless experiences across online, offline and cross-border touchpoints, it said. PTI
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