HomeStartupSoftBank-Backed Juspay received nod from RBI to operate as a payment aggregator

SoftBank-Backed Juspay received nod from RBI to operate as a payment aggregator

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Softbank pumps $60Mn in fintech Juspay - Wellesley Hills Financial
  1. Juspay received an in-principle approval from RBI to operate as a payment aggregator.
  2. Earlier in February 2023, RBI granted 32 in-principle authorizations to existing PAs to operate online.
  3. Juspay awaits the final approval from RBI to commence operations as a PA.
  4. SoftBank and Vostok Emerging Finance are investors in Juspay.
  5. Final approval from RBI is essential before Juspay can officially begin its operations as a payment aggregator.
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