"We would like to thank Reserve Bank of India (RBI) for granting PayU the in-principle approval to operate as a Payment Aggregator," said Anirban Mukherjee, CEO of PayU, with delight. We are thrilled that RBI has validated us and that this opens the door for us to accept more companies on our platform. This further demonstrates our unwavering commitment to corporate governance and compliance."

"This license is crucial to our goal of building an internationally recognized digital payment infrastructure with Indian roots," he continued.Our goal is to promote financial inclusion and digitization, especially for small businesses, in line with the government's Digital India plan and the RBI's progressive policies.

Businesses of all sizes and in all sectors have shown a great deal of interest in joining PayU's platform. The company's goal to create a globally-leading digital payment infrastructure that is based in India and serves both India and the rest of the globe is supported by the RBI's in-principle clearance, which will expedite its next stage of expansion in India.