- RBI allowed the following two entities to act as payment aggregators (PAs).
- Wealth Management Platform Grow
- Worldline e-Payments India
- PAs facilitate online payments by acting as an intermediary between the customer and the merchant.
- These are debit card, UPI, bank transfer, credit card, e-wallet; Like giving payment options.
- PayPal, Amazon Pay etc. are major payment aggregators.
- RBI allows these under the Payment and Settlement Systems Act, 2007.
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