Latest news with #GauravJindal
Time of India
22-05-2025
- Business
- Time of India
Quicktouch gets RBI nod for Payment Aggregator license; full operations pending compliance
QuickPay, the fintech arm of Quicktouch Technologies, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA). The approval, granted under the Payment and Settlement Systems Act, 2007, allows the company to begin the next phase of regulatory compliance. This approval allows QuickPay to move closer to becoming fully operational under RBI supervision. However, the platform still needs to complete compliance requirements before it can begin full operations. 'This recognition from the RBI strengthens our resolve to build a world-class digital payments platform that supports India's vision of a vibrant, inclusive and digitally empowered economy,' said Gaurav Jindal, Managing Director of Quicktouch Technologies. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India.com
21-05-2025
- Business
- India.com
RBI Gives Quicktouch In-Principle Approval For Payment Aggregator License
QuickPay, the fintech subsidiary of Quicktouch Technologies, has received preliminary approval from the Reserve Bank of India (RBI) for a Payment Aggregator license in accordance with the Payment and Settlement Systems Act of 2007. This approval brings QuickPay closer to becoming fully operational under the supervision of the RBI. However, the platform still needs to fulfill compliance requirements before it can initiate full operations. The company stated that this regulatory approval represents a significant milestone for QuickPay within India's digital payments landscape. It aims to finalize the necessary technical and operational validations as per RBI guidelines. Gaurav Jindal, Managing Director of Quicktouch Technologies, said, 'The Reserve Bank of India's recognition strengthens our resolve to build a world-class digital payments platform that supports India's vision of a vibrant, inclusive and digitally empowered economy.'
