Zomato gets RBI approval to operate as digital payments app: What it means for users
Zomato gets RBI approval to operate as digital payments app: What it means for users
Zomato has received authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator through its subsidiary Zomato Payments Private Limited (ZPPL). This allows users to make digital payments through the Zomato app. The authorization, effective from January 24, expands Zomato's role beyond food delivery and restaurant discovery. Zomato joins other players like Tata Pay, Razorpay, and Cashfree in obtaining approval from the RBI. Zomato previously partnered with ICICI Bank to introduce Zomato UPI, its own unified payments interface.
Zomato has received authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator through its subsidiary Zomato Payments Private Limited (ZPPL). This allows users to make digital payments through the Zomato app. The authorization, effective from January 24, expands Zomato's role beyond food delivery and restaurant discovery. Zomato joins other players like Tata Pay, Razorpay, and Cashfree in obtaining approval from the RBI. Zomato previously partnered with ICICI Bank to introduce Zomato UPI, its own unified payments interface.
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Zomato has received authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator through its subsidiary Zomato Payments Private Limited (ZPPL). This allows users to make digital payments through the Zomato app. The authorization, effective from January 24, expands Zomato's role beyond food delivery and restaurant discovery. Zomato joins other players like Tata Pay, Razorpay, and Cashfree in obtaining approval from the RBI. Zomato previously partnered with ICICI Bank to introduce Zomato UPI, its own unified payments interface. 
