Spice Money gets RBI in-principle payment aggregator approval
DIGISPICE · price
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Spice Money Limited, a material subsidiary of DiGiSPICE Technologies, received RBI in-principle authorisation to operate as a Physical Payment Aggregator. The approval is subject to meeting RBI conditions within a set timeline, after which final authorisation may be granted. It is expected to support revenue growth by expanding the subsidiary's merchant network.
Positive for the subsidiary's growth prospects and revenue, but final approval remains conditional and no immediate financial impact can be quantified.