Samvriddhi Inclusive Growth Network Pvt. Ltd. received in-principle authorization from the Reserve Bank of India to operate as an online payment aggregator.
The new digital business will offer online payment gateway services, UPI support, QR-based payments, and card processing targeted specifically at small businesses in underserved markets.
The company plans to operate the payment aggregator division separately from its existing customer service point and kiosk banking operations across 12 states.