Zomato receives RBI approval to operate as online payment aggregator

Food delivery major Zomato has received authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator, the company revealed in a regulatory filing on Thursday. This will allow the company to facilitate online transactions through its platform.

“Pursuant to our earlier disclosure dated 4 August 2021 regarding the incorporation of Zomato Payments Private Limited (ZPPL), a wholly-owned subsidiary of Zomato Limited to carry out the business, inter alia, as a payment aggregator and issuer of prepaid payment instruments, we wish to inform that ZPPL has been granted a certificate of authorisation dated 24 January 2024, from the Reserve Bank of India (RBI) to operate as an ‘Online Payment Aggregator’