Hitachi Payment Services Granted Final RBI Authorisation as Online Payment Aggregator
Hitachi Payment Services has received final authorisation from the Reserve Bank of India to operate as an online payment aggregator, enabling the expansion of its digital solutions and services to include UPI, netbanking, cards, and wallets alongside value-added services like EMI and BNPL, serving major Indian banks and fintechs.
- Country:
- India
Hitachi Payment Services announced on Thursday that it has received final authorisation from the Reserve Bank of India (RBI) to function as an online payment aggregator.
This regulatory approval will allow the company to significantly expand its range of digital solutions and services. These will now encompass various payment options including UPI, net banking, cards, and wallets, in addition to value-added services.
The company highlighted that these value-added services will include EMI, paylater, Buy Now Pay Later (BNPL), link-based payments, and loyalty solutions for merchants. Hitachi Payment Services processes over 2.5 billion digital transactions annually for some of India's foremost banks and fintech companies.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Hitachi
- Payment Services
- RBI
- Online Payment Aggregator
- UPI
- Netbanking
- Cards
- Wallets
- EMI
- BNPL
ALSO READ
Florida restricts Chinese nationals without US green cards from purchasing property
Dakshina Kannada's Private Buses Go Digital: UPI Payments and GPS Coming Soon
Former Champions Return: Wimbledon Wild Cards Announced
Wimbledon Welcomes Grand Slam Stars with Wild Cards
Former World Champions and Rising Stars Granted Wild Cards for Wimbledon