RBI Grants 32 Payment Aggregator Licenses; Here's All You Need to Know

Now that RBI has released the list of applicants that have received an in-principle nod to operate as payment aggregators, names like Google and Reliance are among those that can continue operations. But what happens to those whose applications are returned? And what does this mean for the consumer and merchant communities? Let's take a detailed look at what this move entails and the road ahead for fintech players.