The Reserve Bank of India has granted Mswipe Technologies a payment aggregator (PA) licence (RBI). With this permission, Mswipe joins an exclusive group of companies that, together with Juspay, Razorpay, and Google, are set to completely transform the digital payments market in India.
By granting this licence, Mswipe hopes to increase the range of products it offers while focusing on giving customers a simple and easy way to make payments. The company's dedication to utilising cutting-edge technology for omni-channel digital payments was highlighted by co-founder and CEO Ketan Patel.
The companies want to expand their solutions beyond offline merchant acceptance devices to include payment gateway (PG) services, with a particular emphasis on MSMEs and the mid-tier market.
The licence is anticipated to enhance Mswipe's merchant network, which has more than 6 lakh members, by offering cutting-edge services including loan collection and sound boxes.
Mswipe is an omni-channel digital payments platform that offers businesses in a variety of sectors a wide range of physical and online payment acceptance options.
