- OPEN, a leading fintech for SMEs, has received the Payment Aggregator/Payment Gateway (PA/PG) license from the Reserve Bank of India (RBI).
- The approval showcases OPEN’s commitment to regulatory compliance and innovation.
- Having received in-principle approval in Nov 2022, OPEN completed the application process with a System Audit Report and CA certificate.
- The final approval validates OPEN’s robust financial automation platforms designed to empower SMEs.
- With the new license, OPEN aims to provide even more robust and seamless financial tools for SMEs.
- OPEN’s Co-founder & CEO, Anish Achuthan, expressed elation, highlighting the significance of the license in fortifying their commitment to SMEs.
- OPEN presently powers business payments for over 40 lakh SMEs and plans to focus on creating innovative solutions for financial processes.
Open receives final approval from RBI to operate as a Payment Aggregator
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