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PhonePe gains RBI approval to expand payment services for Indian businesses, boosting financial inclusion.
PhonePe has received final approval from India's Reserve Bank to operate as an online payment aggregator, enabling it to expand its payment gateway services for businesses, especially small and medium enterprises.
The authorization supports faster onboarding, secure transactions, and developer-friendly tools, aiming to boost financial inclusion for underserved businesses.
With over 650 million users and a network of 45 million merchants, PhonePe processes hundreds of millions of transactions daily.
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PhonePe obtiene la aprobación de RBI para expandir los servicios de pago para las empresas indias, impulsando la inclusión financiera.