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Zaakpay Gets RBI Online Payment Aggregator Licence

6 May 20251 min read
BANKING & FINANCEZaakpay Gets RBIOnline PaymentAggregatorLicence6 May 2025safalsetu.com

Why in the news

MobiKwik’s merchant payments unit Zaakpay secured the final RBI licence to act lawfully as a payment aggregator.

Key facts

  • Licence: final RBI authorisation as an Online Payment Aggregator, signalling compliance, data security and transparency.
  • It arrived while RBI was barring unlicensed aggregators from onboarding new merchants.
  • Offering: 100+ modes, fast checkout, QR payments, instant daily settlements.
  • Share move: earlier close ₹252.60; the dip was not linked to the licence.

Future plans

  • Grow in SaaS, healthcare, logistics and smaller cities, with AI fraud checks, real-time settlement and custom checkout.
  • Aims to become a core growth engine of MobiKwik’s enterprise vertical.

Exam angle

  • Payment aggregators are licensed by RBI; Zaakpay belongs to MobiKwik.

Test yourself

1. Zaakpay received final RBI approval to operate as which type of entity?

RBI cleared it as a licensed Online Payment Aggregator.

2. Zaakpay is the business payments arm of which company?

Zaakpay belongs to MobiKwik.

3. Which restriction did RBI place on unlicensed payment aggregators around the time of Zaakpay's approval?

Unlicensed aggregators were barred from onboarding new merchants.

This topic is part of Daily Current Affairs 6 May 2025 (16 topics).

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