GVP Infotech Limited has informed the Exchange about Grant of certificate of Authorisation to operate as a Payment Aggregator by Reserve Bank of India ( RBI )
GVPTECH · price
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GVP Infotech Limited has received a Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator. This is a key regulatory milestone that allows the company to legally handle and process payments on behalf of merchants. The company has formally informed the stock exchange about this development. Receiving such authorisation typically requires meeting RBI's stringent compliance, capital, and technology standards.
This is a positive development as it opens a new revenue stream in the fintech/payments space and provides regulatory legitimacy. It could improve investor confidence and potentially expand the company's addressable market, though actual business performance will depend on execution.