Zomato Payment Pvt Ltd voluntarily surrenders its online payment aggregator license to RBI.
Zomato's subsidiary, Zomato Payment Pvt Ltd (ZPPL), voluntarily surrendered its online payment aggregator (PA) license from the Reserve Bank of India (RBI), as the company shifts focus from being a payment aggregator to a food technology and delivery service provider. The decision comes after an impairment assessment recognized an impairment loss of INR 39 crore in Zomato's financial statements.
May 13, 2024
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