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FinTech

ftcash Gets Online Payment Aggregator License From RBI


SUMMARY

ftcash said that the final nod from the RBI was received on March 4

The Mumbai-based startup received an in-principle approval from the central bank last year

In March 2020, the RBI urged existing online payment aggregators to apply for seeking authorisation under the 2007 payment and settlement act

Microlending fintech startup ftcash has received a final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA), joining the list of companies like Razorpay, Cashfree, Innoviti…



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