MSwipe gets RBI-nod on payment aggregator licence

Payments service provider MSwipe has received ‘in-principle’ approval from the Reserve Bank of India (RBI) to operate as a payment aggregator.

MSwipe plans to launch its own payment gateway (PG) services pan-India over the next three months, chief executive Ketan Patel told ET.

The payments firm joins others including Razorpay, Pine Labs, Innoviti Payment Solutions and Stripe in receiving the banking regulator’s nod to operate as a payment aggregator.