GVP Infotech Limited has informed the Exchange that the company receives RBI Authorisation for Online and Physical Cross-Border transactions (Inward & Outward), in addition to earlier authorisation for Online Payment Aggregation granted by RBI on 29th January 2024
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GVP Infotech Limited has received authorisation from the Reserve Bank of India (RBI) for Online and Physical Cross-Border transactions, covering both Inward and Outward payments. This approval builds on the company's earlier RBI authorisation for Online Payment Aggregation, which was granted on 29th January 2024. The new authorisation expands the company's permitted scope of activities within the regulated payments and fintech space. With this, GVP Infotech can now facilitate cross-border payment flows in addition to its existing domestic payment aggregation services.
This additional RBI approval strengthens the company's position in the payments business and opens up new revenue opportunities from cross-border transaction services. For shareholders, it signals business expansion and regulatory credibility in a regulated sector.