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SUMMARY
PhonePe has received the final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator
The development comes over two years after PhonePe received in-principle approval from the RBI in August 2023 to operate as an online payment aggregator
The authorisation will enable PhonePe to expand its reach among online merchants, with a particular focus on small and medium businesses (SMEs) across the country
Walmart-owned fintech PhonePe
has received the final authorisation from the…
