Explore the latest news, in-depth reports, and executive analysis tagged with #Regulatory Approval.
The NBFC arm, Dhanrise Finance, is scheduled to commence lending operations in October 2026.
The latest approval comes after Vested received an IFSCA Global Access Provider (GAP) licence in April.
The licence allows Paytm Europe to offer a range of payment services, including processing payment transactions, handling transactions backed by credit facilities, and merchant payment acquiring services.
The move comes as India's primary market continues to see strong listing activity, with a growing pipeline of startups and new-age companies preparing to go public.
The approval, granted under the NBFC-ND-ICC category, will enable the company to directly offer secured mortgage loans to borrowers.
MobiKwik said it is targeting a 10x expansion in its merchant payments segment by FY28.
Jumpp intends to roll out insurance offerings across health, life, motor, home and business categories through partnerships with insurance companies.
With these approvals, Skydo can now facilitate both incoming and outgoing international transactions for Indian businesses.
The approval for the stock broking business covers fixed-income instruments like corporate bonds, government securities, and treasury bills.
With this, Cred now holds multiple regulatory licenses across payments, lending, insurance, and investments.
Pine Labs currently holds approximately 25% stake in Agya Technologies.
The authorization also allows the Mumbai-based company to process cross-border payments for both inbound and outbound flows from India.
The central bank's final approval comes as a huge regulatory relief to Paytm after its bid to get the PA license was rejected earlier.
The Bengaluru-based startup will use its expanded authorization to strengthen its cross-border payment infrastructure, among others.
Recently, newly listed fintech major Pine Labs and PayU India also got RBI's approval for the three licenses.
The approval comes as the Prosus-owned company is inching closer to acquiring a point-of-sale (PoS) player.
The approval paves the way for Junio to roll out a digital wallet service integrated with the Unified Payments Interface (UPI).
This authorization will allow the subsidiary to provide escrow solutions, facilitate international money transfers, and onboard merchants through the GIFT City framework.
Pine Labs, which competes which other fintech companies such as Paytm, Walmart's PhonePe and Razorpay, had filed draft papers for its IPO in June.
Amazon had first invested in Axio (formerly Capital Float) in 2018, injecting $22 million at about $350 million valuation.
