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Aditya Birla Capital Digital Gets RBI Payment Aggregator Nod

29 August 20251 min read
BANKING & FINANCEAditya BirlaCapital DigitalGets RBI PaymentAggregator Nod29 August 2025safalsetu.com

Why in the news

Aditya Birla Capital Digital Ltd (ABCDL), a subsidiary of Aditya Birla Capital, obtained RBI’s in-principle authorisation for online payment aggregation.

Key facts

  • Payment Aggregator (PA): an intermediary through which online or offline merchants take varied digital payments without linking to each bank or network.
  • Examples: Razorpay, PayU, CCAvenue, BillDesk.

About the PSS Act, 2007

  • Core law giving a legal framework to regulate and supervise payment systems.
  • Designates RBI as the authorising and overseeing authority.
  • Seeks safety, efficiency, transparency and consumer confidence in non-cash payments.

Exam angle

  • Regulator: RBI.
  • Entity approved: ABCDL.

Test yourself

1. Which entity received RBI's in-principle approval to operate as a payment aggregator?

The notes say ABCDL, a subsidiary of Aditya Birla Capital, got the approval.

2. Payment aggregators in India are authorised under which Act?

Authorisation is under the Payment and Settlement Systems Act, 2007.

3. Which of these is cited as an example of a payment aggregator?

CCAvenue is among the examples listed, with Razorpay, PayU and BillDesk.

This topic is part of Daily Current Affairs 29 August 2025 (14 topics).

All topics of the dayDay quizAugust 2025

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