Two fintech startups Juspay and Decentro received the final licence to operate as payment aggregators on February 6. They join the likes of Razorpay, Cashfree, Zomato and others who got the licence earlier.
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Juspay operates as a payment gateway running a technology stack for ecommerce payments, while Decentro is a technology company which offers financial services like lending, KYC and other services to consumer-facing companies through APIs.
ET wrote on December 14, that Juspay, which was working with other payment aggregators as a technology stack, is seeking to enter the payments space directly and expand operations outside India too.
Software as a service startup Zoho also got the payment aggregator licence on February 2. Zoho is the first enterprise Saas player to get this nod from the RBI.
“The regulator is issuing the full licences one after the other, we are expecting more players to get the final nod over the next two months,” said a senior executive at a payments company.
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The RBI released the first guidelines on payment aggregator licences back in March 2020. Razorpay, Cashfree, and Open were the first set of players to get the regulatory nod in December last year. Zomato, DigiO, Google, and Tata Digital are among other major players who received the payments licence.