RBI gives licenses for 32 payment aggregators

• Payment Aggregator is a third-party payment solution provider.

•  For instance, you use YONO SBI to shop on Amazon. 

• Therefore, SBI is an online payment aggregator. 

• Recently, RBI issued licenses to 32 payment aggregators to serve as online payment aggregators.

• This includes Google, Computer Age, Amazon, NSDL, World Line, Reliance, Zomato, Innnoviti, etc. Applications of 18 more are pending. 

• The pending applications were from Phone Pe, Bharti Pay, Unimoni, Adyen, etc.