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BankingNABARD / RBI

Getepay Gets RBI Nod as Online Payment Aggregator

27 May 20251 min read
BANKING & FINANCEGetepay Gets RBINod as OnlinePaymentAggregator27 May 2025safalsetu.com

Why in the news

RBI cleared a small-merchant payments platform, advancing MSME digitalisation.

Key facts

  • Focus: small merchants, micro-retailers and rural businesses, including kirana stores and e-commerce sellers.
  • Plans to expand pan-India, especially Tier 2, Tier 3 and rural areas.
  • Offers digital stores, inventory management and GST billing.

Significance

  • Boosts digital financial infrastructure and MSME digitalisation.
  • Reflects RBI’s emphasis on inclusive fintech growth and compliance.

Exam angle

  • Licence: Online Payment Aggregator.
  • Regulator: RBI; home city: Jaipur.

Test yourself

1. Getepay received final approval from which authority to work as an Online Payment Aggregator?

The Reserve Bank of India gave the approval.

2. Getepay is the first company from which state to get the RBI online payment aggregator approval?

It is the first from Rajasthan; it is based in Jaipur.

3. How many MSMEs does Getepay aim to help formalise in the coming years?

Its vision is to formalise 10 million MSMEs.

This topic is part of Daily Current Affairs 24 May 2025 (10 topics).

All topics of the dayDay quizMay 2025

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