Monday, 26 February, 2024

Amazon Pay Obtains Payment Aggregator License from RBI

Amazon Pay has secured a payment aggregator license from the Reserve Bank of India (RBI), allowing the platform to facilitate digital transactions for third-party merchants. This license enhances Amazon Pay's role in the Indian digital payment ecosystem, enabling it to offer a seamless and secure payment experience to customers and merchants alike. The approval underscores Amazon's commitment to expanding its fintech services in India.