PayGlocal Gets RBI Nod to Operate as Online Merchant Payments Firm
- PayGlocal, a Bengaluru-based cross-border payments startup, has received the online payment aggregator licence from the RBI. - The startup, focused on international payments, has also applied for a cross-border payments licence. - PayGlocal received in-principle approval for the payment aggregator licence in November last year. - Founded in 2021, PayGlocal allows merchants to accept payments from customers outside India in their local currency. - The startup has raised over $17 Mn from investors like Tiger Global and Peak XV Partners. Source: [Inc42](https://inc42.com/buzz/peak-xv-backed-payglocal-receives-rbi-nod-to-operate-as-online-merchant-payments-firm/)
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RBI lifts ban on Razorpay, Cashfree; allows onboarding new merchants
Authorization will enable the payment companies to onboard new merchants onto its platform for processing online payments. Folks at these companies, how big is this? How is the company reacting?
Last year, the central bank asked Razorpay, Cashfree, PayU, and Paytm, which hold in-principal approvals for payment aggregator licence, to ...
https://www.livemint.com/news/rbi-lifts-ban-on-razorpay-cashfree-allows-onboarding-new-merchants-11702996915800.html