Zomato Payments gets RBI approval to operate as payment aggregator

Zomato Payment Pvt Ltd (ZPPL), a wholly-owned subsidiary of Zomato Limited, has received approval from the Reserve Bank of India to operate as an online payment aggregator, according to an exchange filing made by the company on BSE on Friday. January 24 2024 onwards, ZPPL has received its certificate that authorises the business to act as a payment aggregator and issuer of prepaid 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,” the filing read.