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Innoviti Payments, Concerto Software get RBI payment aggregator licences

Economic Times · 1y

Innoviti Payments and Vegaah have obtained the online payment aggregator licence from the Reserve Bank of India, joining the ranks of MSwipe, Razorpay, Cashfree, and Zomato. This licence allows these companies to settle ecommerce transactions and puts them under the regulatory purview of the RBI. Innoviti has a large base of online merchants using its payment system, Innoviti Link, and aims to provide a unified payment experience for customers both online and offline. MSwipe also received the licence recently and offers online payment services to its offline customers for an omnichannel experience.