RBI nod to operate - One Mobikwik Systems Ltd

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“Zaakpay” by MobiKwik gets RBI nod to operate as an Online Payment Aggregator Zaak ePayment Services Private Limited (Zaakpay), a wholly owned subsidiary of One MobiKwik Systems Limited (MobiKwik), has received the Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator (PA/PG). Zaakpay is a B2B payments company that enables online businesses to accept payments seamlessly across paymentmodes such as Credit Cards, Debit Cards, Net Banking, UPI, Wallets, Pay Later, EMIs, and more. Bipin Preet Singh, Managing Director & Founder, MobiKwik, said, “We are thrilled to receive the final authorization from RBI to operate as a payment aggregator (PA/PG.) This milestone stands as a testament to our group’s resolute focus on building safe, innovative, and compliant digital payment solutions for the last 15 years.” “With this license, we will be able to better serve India's digital economy - more specifically, the needs of its fast-growing internet startups. We warmly welcome new customers to Zaakpay and promise them a secure and easy-to-use payment product for their checkout. Helping more internet businesses succeed is what drives us to keep improving our services.”