Quicktouch gets RBI nod for Payment Aggregator license; full operations pending compliance

QuickPay, the fintech arm of Quicktouch Technologies, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA).
The approval, granted under the Payment and Settlement Systems Act, 2007, allows the company to begin the next phase of regulatory compliance.
This approval allows QuickPay to move closer to becoming fully operational under RBI supervision. However, the platform still needs to complete compliance requirements before it can begin full operations.
'This recognition from the RBI strengthens our resolve to build a world-class digital payments platform that supports India's vision of a vibrant, inclusive and digitally empowered economy,' said Gaurav Jindal, Managing Director of Quicktouch Technologies.
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