- The move endorses Razorpay as the country's full-stack financial platform and further reiterates the trust placed by over 8 million businesses in the platform to boost and support their business growth.
- RBI issued a payment aggregator framework in March 2020, which states that the payment gateway will be mandated to have a license in order to acquire merchants and provides them with digital payment acceptance solutions.
- More than 185 fintech enterprises and startups submitted their proposals for a payment aggregator license.
- Static Part:
- CEO of Razorpay: Harshil Mathur
- Headquarters: Bangalore, Karnataka, India
Question:
Q.1 Which banking and payment platform got the RBI approval for the payment aggregator license?a. PayUMoney
b. GooglePay
c. PhonePe
d. Razorpay
