The payment solutions landscape in India has evolved very quickly owing to the growing use of UPI, debit and credit cards, internet banking, and digital wallets. With companies adopting online payment solutions, PAs have become an important part of the financial system. But because Payment Aggregators process the money of their customers, they fall under the purview of RBI regulations and need to get authorized before starting business. It should be applied through RBI PRAVAAH Portal.
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