PA licence

The Reserve Bank of India (RBI) has granted a payment aggregator (PA) licence to Tata Payments, Tata group’s digital payments app. This will help the firm facilitate ecommerce transactions through its platform. Tata Payments is held through Tata Digital, the group's subsidiary entity, which houses its digital businesses.Tata Pay joins the likes of Razorpay, Cashfree, Google Pay, among others to secure the much-awaited payments licence.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Happy 2024! Welcome to the first edition of ETtech’s Top 5 in the new year. Tata Group’s digital payments business, Tata Payments, has secured a payment aggregator licence from the Reserve Bank of India (RBI). This and more in today’s edition of our daily evening newsletter.Also in this letter:■ Prize money to swell for esports■ Bitcoin price hits 21-month high■ ITC’s plans for cloud kitchen bizRBI grants payment aggregator licence to Tata Pay, DigiO Tata Payments, the digital payments business of the Tata group,…

Digital payments platform PhonePe has achieved an annualised total payment value run rate of USD 1 trillion, or Rs 84 lakh crore, mainly on account of its lead in UPI transactions, the company said on Saturday. The company claims to have digitised over 35 million offline merchants spread across tier 2, 3, 4 cities and beyond, covering 99 per cent pin codes in the country. "We are delighted to reach the USD 1-trillion annualised TPV run rate. We look forward to turbo-charging the next wave of growth for UPI payments in…