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Online meals supply agency Zomato on Thursday stated its subsidiary Zomato Payments Pvt Ltd (ZPPL) has acquired authorisation from RBI to operate as an online payment aggregator.
The firm had disclosed on August 4, 2021 in regards to the incorporation of ZPPL, a wholly-owned subsidiary, to perform the enterprise as a payment aggregator and issuer of pre-paid payment 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 stated in a regulatory submitting.
