{"id":156069,"date":"2025-09-20T01:19:11","date_gmt":"2025-09-20T01:19:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/156069\/"},"modified":"2025-09-20T01:19:11","modified_gmt":"2025-09-20T01:19:11","slug":"phonepe-gets-rbi-nod-to-operate-as-online-payment-aggregator","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/156069\/","title":{"rendered":"PhonePe gets RBI nod to operate as &#8216;online payment aggregator&#8217;"},"content":{"rendered":"<p><a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/m.economictimes.com\/topic\/digital-payments\" target=\"_blank\" rel=\"nofollow noopener\">Digital payments<\/a> platform <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/tech\/phonepe\" rel=\"nofollow noopener\">PhonePe<\/a> on Friday announced that it has received the final authorization from the <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/m.economictimes.com\/topic\/reserve-bank-of-india\" target=\"_blank\" rel=\"nofollow noopener\">Reserve Bank of India<\/a> (<a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" target=\"_blank\" href=\"https:\/\/economictimes.indiatimes.com\/markets\/rbi\" rel=\"nofollow noopener\">RBI<\/a>) to operate as an <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/m.economictimes.com\/topic\/online-payment-aggregator\" target=\"_blank\" rel=\"nofollow noopener\">online payment aggregator<\/a>.<\/p>\n<p>Speaking on RBI&#8217;s approval, Yuvraj Singh Shekhawat, CBO Merchant Business said, &#8220;With this authorization, PhonePe is well-positioned to accelerate <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/m.economictimes.com\/topic\/financial-inclusion\" target=\"_blank\" rel=\"nofollow noopener\">financial inclusion<\/a> by providing <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/m.economictimes.com\/topic\/accessible-payment-solutions\" target=\"_blank\" rel=\"nofollow noopener\">accessible payment solutions<\/a> to businesses that were previously underserved, particularly in the <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/m.economictimes.com\/topic\/sme-segment\" target=\"_blank\" rel=\"nofollow noopener\">SME segment<\/a>.&#8221;<\/p>\n<p>The company believes that this development positions it to serve a broader spectrum of enterprises seeking reliable and secure <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Industry#href\" href=\"https:\/\/m.economictimes.com\/topic\/payment-processing-solutions\" target=\"_blank\" rel=\"nofollow noopener\">payment processing solutions<\/a>.<br \/>&#8220;The company&#8217;s focus on serving both established enterprises and emerging businesses aligns with its goal of enabling broader digital financial inclusion,&#8221; Shekhawat added.Add <img decoding=\"async\" alt=\"ET Logo\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2025\/09\/123467569.cms.png\"\/> as a Reliable and Trusted News SourcePhonePe&#8217;s flagship product, the PhonePe digital payments app, was launched in August 2016. As of August 2025, it has over 65 crore (650+ million) registered users and a digital payments acceptance network spread across over 4.5 Crore (45+ million) merchants. PhonePe also processes over 36 crore (360+ million) transactions daily with an Annualized Total Payment Value (TPV) of over INR 150 lakh crore.<\/p>\n","protected":false},"excerpt":{"rendered":"Digital payments platform PhonePe on Friday announced that it has received the final authorization from the Reserve Bank&hellip;\n","protected":false},"author":2,"featured_media":156070,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[81965,49,48,31331,81964,190,42060,81963,11114,33642,33645,81966,61],"class_list":["post-156069","post","type-post","status-publish","format-standard","has-post-thumbnail","category-mobile","tag-accessible-payment-solutions","tag-ca","tag-canada","tag-digital-payments","tag-financial-inclusion","tag-mobile","tag-online-payment-aggregator","tag-payment-processing-solutions","tag-phonepe","tag-rbi","tag-reserve-bank-of-india","tag-sme-segment","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/156069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=156069"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/156069\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/156070"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=156069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=156069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=156069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}