EnKash announced on Wednesday that it has received regulatory approval from the Reserve Bank of India (RBI) to operate as a payment aggregator under the brand name “Olympus”. With this approval, the fintech company is set to introduce further innovation in the B2B payment sector.
Yadvendra Tyagi, Co-founder of EnKash, expressed the company’s commitment to delivering seamless, innovative, and reliable payment solutions following the milestone. He stated, “The milestone also underscores our commitment to providing seamless, innovative, and reliable payment solutions, further solidifying our position as a trusted partner for businesses looking to thrive in the digital economy.”
EnKash, which facilitates corporate payments and provides offerings for businesses, began its operations in 2018. Since its inception, the company has played a significant role in enabling over 250,000 businesses to digitize and decentralize their corporate payments.
The regulatory approval from the RBI marks a pivotal moment for EnKash as it looks to expand its footprint in the B2B payment space. The company’s focus on innovation and reliability positions it as a key player in supporting businesses’ transition to digital payments in the evolving digital economy.
