- PayU India has received RBI approval to operate its own NBFC.
- It will help the company launch new product variants faster and address new segment of consumers for providing Credit on Tap.
- PayU has already crossed Rs 100 crore ($16 million) mark for credit issuance on the existing platforms.
Point to remember:
- Question may be asked on which payment firm has received RBI approval for NBFC?
Source: Read on Financial Express