CURRENT AFFAIRS
CURRENT AFFAIRS
Description
Mswipe Technologies, a major player in India's digital payments industry, has been granted a Payment Aggregator (PA) license by the Reserve Bank of India. This big step comes after the company received an in-principle permission earlier in 2022. Mswipe intends to use this license to broaden its portfolio of offerings, including full payment technology solutions across many channels.
Objective Reinforcement
The payment aggregator license demonstrates Mswipe's commitment to expanding its array of services.
Mswipe seeks to provide secure, efficient, and user-friendly payment solutions to its financial partners, organizations, and merchants from a variety of industries.
About Mswipe Technologies
Mswipe Technologies is an omnichannel digital payment platform that serves merchants in a variety of industries and countries.
Mswipe, founded in 2011 and located in Mumbai, has played a key role in delivering innovative payment options to businesses.
Mswipe's key investors include Alpha Wave Global, Matrix Partners, B Capital, and others, indicating confidence in the company's future expansion.
Over the last 13 years, Mswipe has played an important role in growing India's digital payment landscape, reaching markets in metros, mini-metros, small towns, and cities.
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