Zomato gets RBI nod to operate as online payment aggregator

25/01/2024

Online food delivery firm Zomato on Thursday said the Reserve Bank of India (RBI) has authorized its subsidiary Zomato Payments Pvt Ltd (ZPPL) to operate as an online payment aggregator.

The company had on August 4, 2021 disclosed about the incorporation of a wholly owned subsidiary ZPPL to conduct business as a payment aggregator and issuer of prepaid payment instruments.

“We wish to inform that ZPPL has been granted a Certificate of Authorization from the Reserve Bank of India (RBI) to operate as an ‘Online Payment Aggregator’ in India with effect from January 24, 2024. guidelines issued by RBI,” Zomato said in a regulatory filing.

Justin

Justin, a prolific blog writer and tech aficionado, holds a Bachelor's degree in Computer Science. Armed with a deep understanding of the digital realm, Justin's journey unfolds through the lens of technology and creative expression.With a B.Tech in Computer Science, Justin navigates the ever-evolving landscape of coding languages and emerging technologies. His blogs seamlessly blend the technical intricacies of the digital world with a touch of creativity, offering readers a unique and insightful perspective.

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