Zomato Payments Gets RBI Approval for Online Payment Aggregator

Jan 25, 2024 16:22

Zomato Payments Pvt Ltd receives RBI authorisation to operate as an online payment aggregator in India. The company will now be able to facilitate payments for online food delivery and other services.

Photograph: Francis Mascarenhas/Reuters

New Delhi, Jan 25 (PTI) Online food delivery firm Zomato on Thursday said its subsidiary Zomato Payments Pvt Ltd (ZPPL) has received authorisation from RBI to operate as an online payment aggregator.

The company had disclosed on August 4, 2021 about the incorporation of ZPPL, a wholly-owned subsidiary, to carry out the business as a payment aggregator and issuer of pre-paid payment instruments.

"We wish to inform that ZPPL has been granted certificate of authorisation dated January 24, 2024, from the Reserve Bank of India (RBI) to operate as an 'Online Payment Aggregator' in India with effect from January 24, 2024, as per the guidelines issued by the RBI," Zomato said in a regulatory filing.

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Zomato Payments Gets RBI Approval for Online Payment Aggregator

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