Zomato Payments Gets RBI Authorisation to Operate as Online Payment Aggregator.
Zomato receives certificates of authorisation from the RBI for its subsidiary Zomato Payments Pvt Ltd (ZPPL) to function as a web based cost aggregator
Online meals supply agency Zomato on Thursday mentioned the Reserve Bank of India (RBI) has authorised its subsidiary Zomato Payments Pvt Ltd (ZPPL) to function as a web based cost aggregator.
The firm had disclosed on August 4, 2021 in regards to the incorporation of ZPPL, a completely-owned subsidiary, to perform the enterprise as a cost aggregator and issuer of pre-paid cost devices.
“We wish to inform that ZPPL has been granted certificate of authorisation dated January 24, 2024, from the Reserve Bank of India (RBI) to operate as an ‘Online Payment Aggregator’ in India with effect from January 24, 2024, as per the guidelines issued by the RBI,” Zomato mentioned in a regulatory submitting.
