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SUMMARY
“We have decided to surrender our NBFC-AA licence to the RBI, and initiated the wind down of our AA operations,” said PhonePe in a statement
The company cited its inability to onboard a sufficient number of financial information providers (FIPs) to its platform
PhonePe will be partnering with other AAs in the market to bolster financial inclusion.
Fintech major PhonePe
has decided to exit its Account Aggregator (AA) business and will be partnering with other AAs in the market.
“We have decided to surrender…
