Rbi: RBI rejects Instamojo’s payment aggregator licence application
The Reserve Bank of India (RBI) has reportedly returned Instamojo’s application for a payment aggregator (PA) licence. According to a report in Economic Times, the fintech company said that it plans to resubmit its application after a year. Bengaluru-based Instamojo stopped operations of its payment gatewaybusiness to comply with RBI rules after receiving the final … Read more