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Digital payments firm PhonePe has received the final authorisation from the Reserve Bank of India to operate as an online payment aggregator.
This will allow the Walmart-owned company to expand its presence among online merchants, especially small and medium enterprises (SMEs), it said in a statement on Friday.
“With this authorisation, PhonePe is well-positioned to accelerate financial inclusion by providing accessible payment solutions to businesses that were previously underserved, particularly in the SME segment,” said Yuvraj Singh Shekhawat,…
