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9 Apr 2024 09:34
IN BRIEF: Boku receives payment aggregator authorisation in India
Boku Inc - San Francisco-based payment service provider - Says its business in India, Boku Network Services IN Pvt Ltd, has received authorisation from the Reserve Bank of India to operate as a payment aggregator. A payment aggregator is a third-party service that facilitates online payments between consumers and businesses. Upon receipt of in-principle authorisation in January, Boku said the approval "is expected to accelerate the growth of local payment acceptance in India via Boku IN, permitting greater choice of payment for Indian consumers vis-a-vis Boku merchants".
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