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    Question

    Which company received final approval from the RBI to

    operate as an online payment aggregator in India?
    A Paytm Correct Answer Incorrect Answer
    B Google Pay Correct Answer Incorrect Answer
    C PhonePe Correct Answer Incorrect Answer
    D Amazon Pay Correct Answer Incorrect Answer
    E Razorpay Correct Answer Incorrect Answer

    Solution

    PhonePe received RBIтАЩs final authorisation to function as an online payment aggregator, enabling expansion in digital merchant services, especially for SMEs. With over 650 million users and a 45-million merchant network, PhonePe processes around 360 million daily transactions. This approval strengthens its payment gateway and merchant onboarding capabilities.

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