Since then, just four companies—Cashfree Payments, Amazon Pay, BillDesk, and Adyen India—have received the necessary licences to function within this highly regulated sector.
This sharply contrasts with the 41 companies that have been approved to operate as domestic online payment aggregators (PAs).
The relatively small number of licensed players in the cross-border payment sector leads to higher margins, intensifying interest in offering such services. However, obtaining a PA-CB licence is no easy feat. It demands compliance with stringent regulations, including the Foreign Exchange Management Act, a requirement not imposed on domestic online PAs.
Diese Geschichte stammt aus der November 28, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der November 28, 2024-Ausgabe von Business Standard.
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