Zomato gets RBI nod to operate as online payment aggregator
PTC News Desk: Zomato announced on Thursday that the Reserve Bank of India has granted it authorisation to operate as an 'Online Payment Aggregator'.
“Pursuant to our earlier disclosure dated August 4, 2021 regarding the incorporation of Zomato Payments Private Limited (“ZPPL”), a wholly owned subsidiary of Zomato Limited (“the Company”) to carry out the business, inter alia, as payment aggregator and issuer of pre-paid payment instruments, we wish to inform that ZPPL has been granted certificate of authorization dated January 24, 2024, from the Reserve Bank of India (“RBI”) to operate as an ‘Online Payment Aggregator’ in India with effect from January 24, 2024, as per the guidelines issued by the RBI,” the online food delivery platform said. in an exchange filing.
Zomato's shares closed at Rs 136.00, trading in the negative. The company's market capitalization is currently at Rs 1,18,468 crore, according to the BSE website.
Zomato CEO Deepinder Goyal recently revealed that the food delivery platform fulfilled nearly as many orders on New Year's Eve (NYE) 2023 as it did on NYE 15, 16, 17, 18, 19, and 20 combined.
"Fun fact: We've delivered almost as many orders on NYE 23 as we did on NYE 15, 16, 17, 18, 19, 20 combined. Excited about the future!" Goyal said.
Bloomberg reported in December that Zomato made an offer to acquire Shiprocket, an Indian e-commerce shipping startup.
According to the people who spoke on the condition of anonymity to discuss confidential information, the offer valued the platform at around $2 billion. According to the sources, no final decision has been made, and Zomato may choose not to proceed with the acquisition.
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