MobiKwik gets RBI approval for offline PA license
MobiKwik said it is targeting a 10x expansion in its merchant payments segment by FY28.
Explore the latest news, in-depth reports, and executive analysis tagged with #Pa Licenses.
MobiKwik said it is targeting a 10x expansion in its merchant payments segment by FY28.
With this, Cred now holds multiple regulatory licenses across payments, lending, insurance, and investments.
With the PA-P license, Razorpay now holds all three key RBI authorisations for payments, online, offline, and cross-border.
The authorization also allows the Mumbai-based company to process cross-border payments for both inbound and outbound flows from India.
The approval comes as the Prosus-owned company is inching closer to acquiring a point-of-sale (PoS) player.