The Reserve Bank of India (RBI) has granted GVP Infotech a Certificate of Authorisation to operate as a payment aggregator, marking a significant milestone in the company’s fintech journey. This approval allows GVP Infotech to facilitate digital transactions by offering merchants a unified platform for accepting payments across multiple modes.
The authorisation comes amid RBI’s push to regulate and strengthen India’s digital payments ecosystem, ensuring transparency, security, and compliance. With this certification, GVP Infotech joins the league of RBI-approved payment aggregators, enabling it to expand services to e-commerce platforms, SMEs, and large enterprises. Industry experts believe the move will enhance competition in the sector while supporting India’s broader digital economy goals.
Notable updates
• RBI grants Certificate of Authorisation to GVP Infotech as a payment aggregator
• Enables the company to provide merchants with multi-channel payment acceptance solutions
• Aligns with RBI’s regulatory framework for secure and transparent digital transactions
• Strengthens GVP Infotech’s position in India’s fast-growing fintech ecosystem
• Expected to boost adoption among SMEs, e-commerce platforms, and enterprise clients
Major takeaway
RBI’s approval positions GVP Infotech to play a pivotal role in India’s expanding digital payments landscape, reinforcing regulatory trust and opening new growth opportunities.
Sources: Reuters, Economic Times, Business Standard, Moneycontrol