Grant of Authorization to operate as a Physical Payment Aggregator (in addition to the existing Online Payment Aggregator License) by Reserve Bank of India.
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AvenuesAI Limited has received approval from the Reserve Bank of India to operate as a Physical Payment Aggregator, on top of its existing Online Payment Aggregator license. This means the company can now process in-person (offline) digital payments, such as those made at retail stores via QR codes, POS machines, and similar point-of-sale channels. The expansion allows AvenuesAI to serve merchants across both online and physical retail environments. The company already runs the well-known CCAvenue payment platform. No financial figures or revenue projections were disclosed in the announcement.
This broadens AvenuesAI's addressable market into the rapidly growing offline digital payments space, potentially boosting transaction volumes and merchant base over time. Near-term stock reaction may be modestly positive as the news signals regulatory trust and business diversification.