The Reserve Bank of India (RBI) has granted the Payment Aggregator (PA) licence to digital payments platform Mswipe Technologies.
In a statement yesterday, the company said, “The payment aggregator licence solidifies the company’s objective to enhance its suite of offerings while delivering secure, efficient and user-friendly payment technology to banking partners, enterprises and merchants across categories.”
The fintech has been looking to diversify its revenue streams with sound box and loan collection services to banks and NBFCs.