Pine Labs secures all three payment licences from the RBI

Pine Labs secures all three payment licences from the RBI

Pine Labs has obtained all necessary regulatory licenses from the Reserve Bank of India. This includes approvals for offline payments, online merchant payments, and cross-border transactions. The company is now fully equipped to expand its digital payment offerings. This development coincides with Pine Labs' plans for an initial public offering, aiming to raise significant capital.

Pine Labs Receives Three Key RBI Payment Licences Ahead Of IPO

IPO-bound fintech major Pine Labs has secured all three key payment licences from the Reserve Bank of India (RBI), allowing it to operate across the full range of digital payment services in the country. As per an ET report, the company has received approvals for payment aggregator, payment gateway, and cross-border payment operations from the RBI.  For context, a payment aggregator license allows a company to collect payments from customers on …

Pine Labs Becomes First Payment Aggregator to Secure All Three RBI Payment Licences

Pine Labs Becomes First Payment Aggregator to Secure All Three RBI Payment Licences