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Mastercard-backed Instamojo has shut down its payments aggregator business after the Reserve Bank of India returned its licence application.
“As of September 27, we have shut down the payment aggregator business for which you require a licence. Our application has been returned by the RBI but we continue to function as a payment platform,” chief operating officer, Akash Gehani said.
Instamojo shuts core payments business
“As of September 27, we have shut down the payment aggregator business for which you require a licence. Our application has been returned by the RBI but we continue to function as a payment platform,” chief operating officer, Akash Gehani said.
Instamojo shuts core payments business
