RBI Grants Payment Aggregator License To Mswipe Technologies
The Reserve Bank of India (RBI), on Monday, granted a payment aggregator (PA) license to Mswipe Technologies.
The approval came after the digital payments company received an in-principle nod in mid-2022.
With this, Mswipe will be able to offer full-stack payment technology providing omni-channel solutions, thereby continuing to contribute towards India’s evolving digital payments landscape.
The payment aggregator license strengthened the suite of offerings while delivering secure, efficient and user-friendly payment technology to banking partners, enterprises, and merchants across categories. Headquartered in Mumbai, Mswipe began its operations in 2011.
Ketan Patel, co-founder and chief executive officer (CEO), Mswipe Technologies said, "With a continued commitment to our business partners and the merchant community at large, we stay true to our promise of providing innovative omnichannel digital payments with cutting-edge technology. Mswipe will continue to empower businesses of all sizes and categories across India including the smallest towns and cities making an impact in the increasingly cashless economy.”
