RBI Gives Quicktouch In-Principle Approval For Payment Aggregator License

QuickPay, the fintech subsidiary of Quicktouch Technologies, has won initial approval from the Reserve Bank of India (RBI) for a Payment Aggregator license in response to the Payment and Settlement Systems Act of 2007. This approval brings QuickPay nearer to changing into absolutely operational below the supervision of the RBI. However, the platform nonetheless wishes to satisfy compliance necessities sooner than it may possibly start up complete operations. 

The corporate said that this regulatory approval represents an important milestone for QuickPay inside of India’s virtual bills panorama. It goals to finalize the vital technical and operational validations as in line with RBI pointers.

Gaurav Jindal, Managing Director of Quicktouch Technologies, stated, “The Reserve Bank of India’s recognition strengthens our resolve to build a world-class digital payments platform that supports India’s vision of a vibrant, inclusive and digitally empowered economy.”