Samvriddhi Inclusive Growth Network wins RBI approval to operate as online payment aggregator

Samvriddhi Inclusive Growth Network has received in-principle approval from the Reserve Bank of India to operate as an online payment aggregator, marking a significant regulatory milestone for the firm.

The authorisation positions the company to expand into the online digital payments market, where it intends to develop technology-led solutions tailored to the needs of merchants.

Atish Shelar, Group CEO, said the clearance strengthened the organisation's capacity to build such offerings. "The Payment Aggregator authorization strengthens our ability to enter the online digital payments market and build technology-led payment solutions for merchants," he said.