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Infibeam Avenues receives RBI’s final nod for Payment Aggregator licence

EntrackrEntrackr · 1y ago
Infibeam Avenues receives RBI’s final nod for Payment Aggregator licence
Medial

Infibeam Avenues has received final authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator under the Payment Settlements Act, 2007 for its payment gateway brand – CCAvenue. While Infibeam Avenues already received “in-principle” approval from the RBI late last year, the apex banking body has granted the final licence. RBI had introduced the payment aggregator framework in March 2020. Infibeam Avenues offers digital payment solutions and enterprise software platforms to businesses and governments across industry verticals. The company’s payment infrastructure solution includes acquiring and issuing solutions and offering infrastructure for banks. Its enterprise software platform provides an online marketplace for government procurement. Razorpay, Cashfree, and Open were the first set of players to get the regulatory nod in December last year. Zomato, DigiO, Google, and Tata Digital among others are the other major players to get the payments licence. Infibeam Avenues claims that it has more than 10 million merchants on its platform and crossed half a million merchant onboarding in the first half of FY24. Infibeam Avenues had earlier launched CCAvenue mobile app, which is an advanced omni-channel payment app where its app features a pin-on-glass SoftPoS solution – CCAvenue TapPay for Merchants and Kiranas across the country. Infibeam Avenues had shown strong growth and this could be evident from its Q3 FY24 numbers. Its revenue from operations grew 15.4% to Rs 912 crore in Q3 FY24 whereas the firm also managed to grow its profit marginally to Rs 40.8 crore during the above mentioned period.

Infibeam Avenues gets RBI nod to issue prepaid payment instruments

EntrackrEntrackr · 1m ago
Infibeam Avenues gets RBI nod to issue prepaid payment instruments
Medial

Snippets Infibeam Avenues gets RBI nod to issue prepaid payment instruments Infibeam Avenues Ltd has received two major regulatory approvals that strengthen its foothold in the digital payments ecosystem. The company has obtained approval from RBI to issue PPIs under the Payment and Settlement Systems Act, 2007. Infibeam Avenues Ltd has received two major regulatory approvals that strengthen its foothold in the digital payments ecosystem. The company informed the exchanges that it has obtained in-principle approval from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs) under the Payment and Settlement Systems Act, 2007. According to the filing, the RBI’s approval permits Infibeam Avenues to issue and operate prepaid payment instruments, subject to submission of a System Audit Report (SAR) within the prescribed validity period. This move marks the company’s entry into the regulated PPI space, enabling it to expand its fintech offerings across wallets, prepaid cards, and stored-value payment solutions. On the same day, Infibeam’s wholly owned subsidiary, IA Fintech IFSC Private Limited, also received in-principle approval from the International Financial Services Centres Authority (IFSCA) to act as a Payment Service Provider (PSP) in GIFT-IFSC. The subsidiary is now authorized to carry out Escrow Service, Cross Border Money Transfer Service, and Merchant Acquisition Service. During the first quarter of the ongoing fiscal year, the company’s revenue from operations rose to Rs 1,280 crore in Q1 FY26, up from Rs 745 crore in Q1 FY25. The company’s net profit declined 16% to Rs 58.4 crore in Q1 FY26 from Rs 69.4 crore in the same period last year. Infibeam is yet to file its financial results for the second quarter. Infibeam’s share price is currently trading at Rs 19.40 per share (as of 10:30 AM), giving the company a market capitalization of Rs 5,425 crore.

Paytm gets RBI approval for offline and cross border payment aggregation

EntrackrEntrackr · 9d ago
Paytm gets RBI approval for offline and cross border payment aggregation
Medial

Paytm Payments Services Limited (PPSL), a wholly owned subsidiary of One 97 Communications Limited, has received authorisation from the Reserve Bank of India to operate as a payment aggregator for physical or offline payments and cross border transactions, according to a regulatory filing. The approval allows PPSL to undertake cross border payment aggregation for both inward and outward transactions. This is in addition to the online payment aggregator authorisation granted by the RBI last month. With this authorisation, PPSL now holds payment aggregator approvals across online, offline, and cross border segments. The company said the approval enables it to offer payment aggregation services across multiple use cases for merchants. Paytm had earlier applied for a payment aggregator licence, which was returned by the RBI in November 2022. The company reapplied in September 2024 and received in principle approval from the regulator in August 2025, following which the final authorisation has now been issued. Paytm becomes part of a limited set of regulated players that are authorised to support domestic and cross border payments across both online and offline merchant channels on a single compliant platform. Other companies in this group include Razorpay, Easebuzz, PayU, Pine Labs, and Airpay. The company reported revenue from operations of Rs 2,061 crore in Q2 FY26, up from Rs 1,659 crore in the year ago period. However, its net profit fell sharply to Rs 21 crore from Rs 930 crore in Q2 FY25, primarily due to the absence of a one time gain in the base quarter and an impairment loss recorded in the latest quarter.

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