PayU, a web-based cost providers platform in India, has introduced that it has secured remaining authorisation from the Reserve Financial institution of India to perform as an On-line Fee Aggregator beneath the Fee and Settlement Methods Act, 2007.
“We’re happy to announce that PayU Funds Pvt. has acquired the ultimate authorisation from the Reserve Financial institution of India to function as a web-based Fee Aggregator beneath the Fee and Settlement Methods Act, 2007,” a spokesperson from PayU instructed PTI.
PayU Funds, backed by investor Prosus, is a digital monetary providers supplier in India. The corporate operates beneath the regulation of the Reserve Financial institution of India and gives superior options tailor-made to the digital cost wants of the Indian market.
PayU Funds delivers cost gateway options to on-line companies utilizing its state-of-the-art and award-winning expertise. The corporate has empowered over 5,00,000 companies, together with main enterprises, e-commerce giants, and small and medium-sized companies.
PayU permits companies to simply accept digital funds via greater than 150 on-line cost strategies, corresponding to bank cards, debit playing cards, web banking, EMIs, QR codes, UPI, wallets, and extra.
(With inputs from PTI).
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