RBI Greenlights Hitachi Payment Services for Online Payment Aggregation

Hitachi Payment Services has received RBI approval as an Online Payment Aggregator, positioning it for a pivotal role in India's digital payment sector. The company, processing over 2.5 billion transactions annually, will now offer a broad range of payment services, including UPI, Netbanking, Cards, Wallets, and novel options like EMI, Paylater, BNPL, and link-based payments. This expansion supports both consumers, offering flexible payment alternatives like BNPL, and merchants, providing a comprehensive digital payment platform. CEO Anuj Khosla sees this as an innovation catalyst, with the company's Accelerator Program HPX fostering fintech collaboration, ensuring their services stay innovative and relevant. This development furthers financial inclusion and aligns with India's digital advancement objectives. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: Finance Magnates | Financial and business news – FinTech