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The agency has arrested Worldline India EVP for allegedly facilitating transactions linked to the Falcon Invoice Discounting fraud.
BillDesk is one of the few major payment aggregators in the country with no offline play.
This is a market-share view of UPI payment flows handled by payments aggregators through 'UPI Collect' method.
The SRPA was an entity floated by industry association Payments Council of India (PCI) to qualify as an SRO under the RBI’s framework.
M N Srinivasu, co-founder and director, BillDesk has been re-appointed as the co-chairperson of the Payments Council of India.
Razorpay CEO Harshil Mathur and PhonePe CEO Sameer Nigam have been appointed vice chairman and treasurer of the industry body, respectively.
BillDesk posted a 14.8% drop in profit to Rs 121 crore in FY24, from Rs 142 crore in FY23.
The much-coveted payment aggregator license maybe losing its sheen as it has turned into a regulatory nightmare for some.
