RBI Eases LRS Norms for Investment via GIFT IFSC
SabPaisa (SRS Live Technologies Private Limited), a payment solutions provider, has announced that the Reserve Bank of India (RBI) has granted final approval to operate as a Payment Aggregator (PA) under the Payments and Settlement Systems Act of 2007.
The licence would enable SabPaisa to provide complete payment aggregation services to merchants throughout the country. SabPaisa. It was founded in 2016, has provided innovative payment gateway solutions as well as related goods such as Payouts and Subscriptions.
“Securing the final approval from the RBI marks a significant milestone for SabPaisa,” said Pathikrit Dasgupta, the company’s CEO. “It demonstrates our ongoing commitment to quality and reaffirms our desire to emerge as India’s preeminent fintech institution. We are prepared to seize this chance to provide unique solutions, assuring our competitiveness and future resilience.”
The RBI’s payment aggregator structure, implemented in March 2020, requires that only authorised businesses provide payment aggregation services to merchants. SabPaisa now joins Juspay, Razorpay, Stripe, neo-bank Open, and others in getting RBI authorization as a payment aggregator. SabPaisa’s revenue has increased by twofold, and the company expects to grow at the same rate in the current fiscal year.
A brief yet poignant scene in the hit series Family Man 3 has opened a…
India is often called the Land of Festivals because it celebrates countless festivals throughout the…
Simone Tata, a transformative figure in India’s business landscape and the step-mother of Ratan Tata,…
IndiGo Airlines is one of India’s most popular and trusted airlines. It is known for…
Many countries have different names in different languages. One such country is Germany, which is…
Northeast India is a region full of beautiful landscapes, green forests and rich culture. A…