Online food delivery firm Zomato on Thursday said the Reserve Bank of India (RBI) has authorised its subsidiary Zomato Payments Pvt Ltd (ZPPL) to operate as an online payment aggregator.
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The company had disclosed on August 4, 2021 about the incorporation of ZPPL, a wholly-owned subsidiary, to carry out the business as a payment aggregator and issuer of pre-paid payment instruments.
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“We wish to inform that ZPPL has been granted certificate of authorisation dated January 24, 2024, from the Reserve Bank of India (RBI) to operate as an ‘Online Payment Aggregator’ in India with effect from January 24, 2024, as per the guidelines issued by the RBI,” Zomato said in a regulatory filing.
