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[India] Mumbai (Maharashtra) The Reserve Bank of India (RBI) has granted PayU, one of the top providers of online payments services in India, final license to function as an online payment aggregator in accordance with the Payment and Settlement Systems Act of 2007.

In accordance with the Payment and Settlement Systems Act of 2007, we are pleased to report that PayU Payments Pvt. Ltd. has been granted final permission by the Reserve Bank of India (RBI) to function as an online payment aggregator. We appreciate the RBI giving us the chance to responsibly contribute to the payments ecosystem in India. As we proceed, we are committed to creating a robust, law-abiding, inclusive, and innovation-driven organization that supports retailers of all sizes and makes a significant contribution to the government’s and RBI’s Digital India goal. A PayU spokesperson stated, “We really appreciate the ongoing confidence and support from our partners, merchants, staff, consumers, and all other stakeholders.

One of India’s top suppliers of digital financial services, PayU Payments Private Limited, has Prosus as an investor. It runs companies under Reserve Bank of India regulation and provides cutting-edge solutions to satisfy the Indian market’s demands for digital payments. Companies at PayU India want to develop a full-stack digital financial services platform that uses technology to meet all of the tapped and untapped financial demands of consumers, banks, and e-commerce enterprises.

With its state-of-the-art and award-winning technology, PayU Payments offers payment gateway solutions to online companies, empowering over 5 lakh organizations, including SMBs, e-commerce behemoths, and India’s top corporations. Through more than 150 online payment options, including credit cards, debit cards, net banking, EMIs, QR codes, UPI, wallets, and more, it allows companies to accept digital payments. With the broadest coverage of issuers and simple integrations across card-based EMIs, pay-later choices, and cutting-edge cardless EMIs, it is a favored partner in the affordability ecosystem. PayU guarantees a flawless checkout process while providing e-commerce firms with the greatest industry success rates.