Zomato Payment Pvt Ltd (ZPPL) has recieved approval from the Reserve Bank of India to Operate as an Online Payment Aggregator

What is Zomato Payment?

In August 2021, Zomato incorporated Zomato Payments to carry out business as a payment aggregator and issuer of prepaid instruments.

What’s a Payment aggregator?

A payment aggregator is a third-party service that simplifies the process of accepting online payments for businesses.

They act as an intermediary between merchants and payment processors, handling the complexities of collecting and settling payments.

This platform allows users to facilitate transactions on its platform seamlessly, increasing customer retention, etc

Will give better ability to offer various payment options, Credit cards, UPI, Wallet Payments,

This has put, ZZPL as direct competition of Paytm, PhonePe, Razorpay which have good market share and significant customer base