Bengaluru-based fintech startup Open has achieved a significant milestone with the final approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator/Payment Gateway (PA/PG). TAnish Achuthan, Co-founder and CEO of Open, expressed his enthusiasm about the approval, stating, “We are elated to receive the Payment Aggregator/Payment Gateway licence from the RBI." This recognition not only validates the company's commitment to regulatory standards but also marks a substantial step in strengthening its dedication to small and medium-sized enterprises (SMEs).
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