TECH

Zomato gets RBI nod to operate as online payment aggregator

Zomato Payments has received authorisation from RBI to operate as an online payment aggregator.

Zomato Payments Pvt Ltd (ZPPL), a wholly-owned subsidiary of online food delivery firm Zomato, has received authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator.

On 4 August 2021, Zomato had disclosed about the incorporation of ZPPL to carry out the business as a payment aggregator and issuer of pre-paid payment instruments.

"We wish to inform that ZPPL has been granted certificate of authorisation dated January 24, 2024, from the RBI to operate as an 'online payment aggregator' in India with effect from January 24, 2024, as per the guidelines issued by the RBI," Zomato said in a regulatory filing.