Yadvendra tyagi - Latest News Update, Information, Photos & Videos on Yadvendra tyagi at Lokmat Times

EnKash on Wednesday said it has received in-principle approval from the Reserve Bank of India to operate as a payment aggregator (PA).Founded in 2018, the spending management platform EnKash has helped thousands of businesses to digitize and decentralize their corporate payments.The licence by the central bank will enable the platform to broaden its product offerings to more number of businesses.Payment aggregators are intermediaries playing an important function in facilitating payments in the online space.According to RBI, these aggregators facilitate e-commerce sites and merchants to accept various payment instruments from the customers for the completion of their payment obligations without the need for merchants to create a separate payment integration system of their own."We are excited to get in-principle approval from RBI for our payment aggregator license. This will help EnKash offer innovative products and solutions not only to our existing business ecosystem but also to bring about path-breaking and leading technological solutions to the market covering the entire payments flow," said Yadvendra Tyagi, Co-founder of EnKash."This will help us streamline the cash flow process for businesses where they will be able to seamlessly consolidate their all payable and receivable and make necessary actions around payments," said Tyagi, adding that the RBI's approval reiterates the need for digital solutions to manage business cash flows in an efficient way to sustain growth and profitability.EnKash now looks forward to bringing product offerings around corporate payments such as forex collections, cross-border payments, and Software-as-a-service collections.Notably, besides EnKash, several other firms have got RBI's in-principle nod to operate as payment aggregators.In 2020, the RBI issued guidelines saying firms it approves can only acquire and offer payment services to merchants. Existing non-bank entities offering payment aggregator services shall apply for such authorization.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Yadvendra TyagiFOLLOW

Yadvendra tyagi, Latest News

Business :EnKash gets RBI's in-principle nod to operate as payment aggregator

EnKash on Wednesday said it has received in-principle approval from the Reserve Bank of India to operate as a ... ...