The RBI has granted BharatPe Group company Resilient Payments full authorization to function as an online payment aggregator. According to a BharatPe release, the authorization would enable Resilient to support a range of payment-related services, including transactions via its own payment gateway.

The Reserve Bank of India (RBI) has granted Resilient Payments Pvt Ltd, a BharatPe Group firm, final authorization to function as an online payment aggregator, according to the statement. To serve high-growth industries, the firm intends to expand its presence in tier 2 and tier 3 cities, spread its payment solutions across a larger merchant base, and make investments in the construction of cutting-edge technological infrastructure.

According to the company, BharatPe Group is in a unique position to close the gap between offline and online commerce because of its extensive presence in the offline payment market and its network of millions of merchants.

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“BharatPe X will be the brand name under which Resilient Payments conducts its online operations. This paves the way for us to move more quickly with our intentions to create a merchant-first, scalable payments platform. Our goals are to increase our presence in high-potential markets, improve our range of products, and innovate the way companies handle and accept digital payments. Now, the emphasis is on execution—building with purpose, speed, and dependability,” stated Sandeep Indurkar, CEO of Resilient Payments.

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