Zomato gets RBI approval for payment aggregator license. Everything you need to know.

• Zomato Payment Pvt Ltd (ZPPL) has been authorized by the RBI to function as an online payment aggregator.
• It is a subsidiary of Zomato, the Indian multinational restaurant aggregator and food delivery company.
• Zomato has now joined the ranks of Tata Pay, Razorpay, and Google Pay.

What is Zomato Payment?

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

RBI’s approval

Zomato’s fully-owned subsidiary Zomato Payments, has obtained approval from the RBI to function as a payment aggregator in India.