Regulatory Milestone: GVP Infotech Joins RBI’s List of Authorized Aggregators

GVP Infotech Ltd has achieved a major milestone with the Reserve Bank of India (RBI) granting it a Certificate of Authorisation to operate as a payment aggregator under the Payment and Settlement Systems Act, 2007. This approval positions the company to play a pivotal role in India’s rapidly expanding digital payments ecosystem.

Key Highlights

Regulatory Approval: RBI’s authorization allows GVP Infotech to facilitate payment services across online, offline, and cross-border transactions.

Market Expansion: The company can now provide payment gateway solutions to merchants and businesses, strengthening its footprint in fintech.

Diversification Strategy: Originally an IT software firm, GVP Infotech is diversifying into digital financial services, leveraging India’s booming e-payments sector.

Investor Sentiment: Following the announcement, GVP Infotech’s share price reportedly rose over 5%, reflecting strong market confidence.

Industry Impact: The move aligns with RBI’s push for regulated, secure, and transparent payment systems, ensuring consumer trust and compliance.

Why It Matters

This authorization marks GVP Infotech’s entry into the regulated fintech space, enabling it to capitalize on India’s digital commerce surge while offering merchants reliable payment solutions.

Sources: RBI Publications, Angel One News, ScanX News