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Articles for Aggregator

Bombay HC directs Centre, State to submit affidavit on implementation of cab aggregator rules
4 days, 16 hours ago

Bombay HC directs Centre, State to submit affidavit on implementation of cab aggregator rules

The Hindu  

The Bombay High Court on Wednesday issued notices to the Central government and the Maharashtra government to file an affidavit within three weeks pointing out the steps taken by the government in implementing the Motor Vehicle Aggregator Guidelines 2020 for the safety of passengers commuting in aggregators vehicles such as Ola and Uber. Claiming he sustained injuries, and that the …

Court Passenger Safety Cab Aggregators
Bombay High Court Issues Notice On PIL Seeking Implementation Of Guidelines Regulating Motor Vehicle Aggregators Like Ola, Uber
5 days, 9 hours ago

Bombay High Court Issues Notice On PIL Seeking Implementation Of Guidelines Regulating Motor Vehicle Aggregators Like Ola, Uber

Live Law  

A Public Interest Litigation has been filed in the Bombay High Court seeking directions to the State for implementing the Motor Vehicle Aggregator Guidelines 2020 and for ensuring the safety of passengers travelling in transport aggregators vehicles. As defined by the Motor Vehicles Act, 2019, an 'aggregator' is a “digital intermediary or market place for a passenger to connect with …

Court Motor Vehicles State Pil Aggregator Transport Aggregators
JPMorgan-Backed ISG Secures RBI Approval To Operate As Payment Aggregator
1 week, 3 days ago

JPMorgan-Backed ISG Secures RBI Approval To Operate As Payment Aggregator

ABP News  

In-Solutions Global, a fintech company backed by JP Morgan, has received full authorisation as a Payment Aggregator under the Reserve Bank of India’s regulatory framework. The RBI approval enables ISG to enhance digital payment solutions for merchants across various industries, ensuring fast, secure, and efficient transactions. It strengthens our position as a trusted partner, enabling us to power enterprises and …

India Payment Rbi Jpmorgan Isg Ondc
A fintech startup’s challenges with India’s vaunted account aggregator framework
1 month ago

A fintech startup’s challenges with India’s vaunted account aggregator framework

Live Mint  

Three years after India unveiled the account aggregator, or AA, framework to facilitate consented sharing of consumers’ financial information, multiple gaps still plague the system that was rolled out as an overarching network connecting various regulators and market players. The account aggregator framework is meant to give individuals greater visibility and control over all their financial data in one place. …

India Financial Data Information System Account Fold
Let’s plug a privacy loophole in India’s account aggregator system
1 month ago

Let’s plug a privacy loophole in India’s account aggregator system

Live Mint  

As regular readers of this column will know by now, I have long advocated the benefits of embedding regulatory principles directly into digital infrastructure. India’s Account Aggregator system has been built around a technology construct—referred to as the ‘consent artefact’—that embodies these privacy principles in a digital format. Since the principles of notice, purpose specification, retention restrictions and data minimization …

India Consent Financial Data System Personal Data Principles
Rural RIA Seeks to Build Account Aggregator Platform to Empower Farmers
1 month, 3 weeks ago

Rural RIA Seeks to Build Account Aggregator Platform to Empower Farmers

Live Mint  

Rural India-focused RIA aims to build an account aggregator platform to provide a consumer-focused AA service. The platform will allow users to see all their financial data in one place, across asset classes and investment products. This will solve the problem of limited data access and improve financial planning for users.

Law Finance Customer Experience Data Sharing Sangli
Investing into mutual funds? Should you buy directly from AMC, or opt for an aggregator instead
5 months, 1 week ago

Investing into mutual funds? Should you buy directly from AMC, or opt for an aggregator instead

Live Mint  

Have you ever wondered whether your money is safe in the mutual fund units which you bought from a broker or an aggregator? So, should investors opt for such aggregators or brokers to buy mutual fund units, or buy them directly from the AMC’s website? Investing directly at AMC When you buy the mutual fund units directly from the portal …

Investing Investment Units Invest Amc Mutual Fund Buy Mutual
Flipkart-backed truck aggregator Blackbuck files for IPO, to raise ₹550 crore
5 months, 2 weeks ago

Flipkart-backed truck aggregator Blackbuck files for IPO, to raise ₹550 crore

Hindustan Times  

Flipkart-backed Blackbuck filed draft red herring prospectus with the Security Exchange Board of India for a ₹550-crore initial public offering. The public issue of the online trucking platform includes an offer for sale of 21.6 million shares by existing shareholders. Blackbuck IPO: The public issue of the online trucking platform includes an offer for sale of 21.6 million shares by …

Blackbuck Shares Ipo Ofs
RBI grants Payment Aggregator license to SabPaisa (SRS Live Technologies)
5 months, 2 weeks ago

RBI grants Payment Aggregator license to SabPaisa (SRS Live Technologies)

Deccan Chronicle  

New Delhi: SabPaisa, a leading payment solutions provider, announced that it has received final approval from the Reserve Bank of India to function as a Payment Aggregator under the Payments and Settlement Systems Act, 2007. This approval solidifies SabPaisa's position as a leading player in the Indian fintech industry, enabling it to offer comprehensive payment aggregation services to merchants across …

Payment Rbi Payment Aggregator Sabpaisa
Autos in Bengaluru use multiple registration numbers, and here’s why
7 months ago

Autos in Bengaluru use multiple registration numbers, and here’s why

The Hindu  

When hiring an autorickshaw through an aggregator app in Bengaluru, you might come across an auto with two number plates: a standard yellow number plate and a white laminated printout hanging in front. This indicates that the auto driver is using multiple vehicle registration numbers to access various aggregator apps. In the city many passengers have been complaining that they …

Registration Auto Apps App Number Multiple
Fake screen showing inflated Uber fare latest scam to hit Mumbai commuters
7 months, 2 weeks ago

Fake screen showing inflated Uber fare latest scam to hit Mumbai commuters

Hindustan Times  

Mumbai: The next time your Uber driver shows you the fare on their phone after your trip ends, make sure to crosscheck it with the amount mentioned on your app. The alleged modus operandi involves Uber drivers using altered images or “fake screens” that look similar to the Uber app interface to show passengers inflated fares. In one of the …

Passengers Case Drivers App Fare Uber
Groww gets online payment aggregator licence from the RBI
7 months, 3 weeks ago

Groww gets online payment aggregator licence from the RBI

Hindustan Times  

Financial services platform Groww has secured online payment aggregator licence from the Reserve Bank of India, it has been reported today. Groww gets online payment aggregator licence. Among the online payment gateway companies that have received RBI's final approval to be a payment aggregator are Groww-backed identity verification startup DigiO, PayU, Cred, Mswipe, Razorpay, CC Avenue, Cashfree, Zoho, Tata Pay, …

Pay Payment Rbi Groww
PhonePe, Razorpay rival PayU Payments cleared by RBI to operate as payment aggregator
7 months, 4 weeks ago

PhonePe, Razorpay rival PayU Payments cleared by RBI to operate as payment aggregator

Hindustan Times  

PayU Payments has received the Reserve Bank of India's in-principle nod to operate as a payment aggregator. PayU has received RBI's nod to operate as a payment aggregator. Notably, the central bank had returned PayU’s application to operate as a payment aggregator and even stopped it from onboarding new merchants. PayU India revenue was reported at $400 million in FY23 …

Payment Rbi Payment Aggregator Payu
How this Chennai-based Loan DSA (Fincover®) is revolutionizing the loan market?
9 months ago

How this Chennai-based Loan DSA (Fincover®) is revolutionizing the loan market?

Deccan Chronicle  

In the recent years, India's fintech industry has been growing at a remarkable pace, transforming the way individuals access financial services. By leveraging technology and data this company has simplified the lending process and also empowered loan Direct Selling Agents across the country. By simplifying the loan application process and expanding credit access, the company enables individuals from all kinds …

India Financial Chennai Loan Process Company Dsa
PolicyBazaar’s parent PB Fintech to form a payment aggregator subsidiary
9 months ago

PolicyBazaar’s parent PB Fintech to form a payment aggregator subsidiary

Live Mint  

PolicyBazaar’s promoter PB Fintech on Wednesday said its board has approved the incorporation of a wholly-owned subsidiary for payment aggregator business. The new subsidiary called PB Pay Private Limited would “carry on the business of payment aggregator – domestic and / or cross border or both, as may be permitted by the Reserve Bank of India, by facilitating merchants with …

Fintech Crore Policybazaar Payment Aggregator Pb Fintech
Major Amazon merchant aggregator Thrasio files for bankruptcy as it looks to cut debt
9 months, 3 weeks ago

Major Amazon merchant aggregator Thrasio files for bankruptcy as it looks to cut debt

Associated Press  

NEW YORK — A major third-party seller on Amazon filed for Chapter 11 bankruptcy protection in a New Jersey court on Wednesday. Thrasio is what is known as an Amazon aggregator, companies that buy other, smaller Amazon sellers, the independent businesses responsible for the majority of sales on the dominant e-commerce platform. Aggregators raised large sums from investors seeking to …

Amazon Thrasio
RBI authorises Zomato Payments to operate as online payment aggregator: Five things you need to know
10 months, 4 weeks ago

RBI authorises Zomato Payments to operate as online payment aggregator: Five things you need to know

Live Mint  

Online food delivery firm Zomato says its subsidiary Zomato Payments has received authorisation from the RBI to operate as an online payment aggregator. Food delivery platform Zomato on Thursday said the Reserve Bank of India has granted a payment aggregator licence to its subsidiary Zomato Payments Private Limited. {{^adFree}} {{/adFree}} "Pursuant to our earlier disclosure dated August 4, 2021, regarding …

Rbi Zomato Aggregator Zomato Payments Zomato Payments Private Limited Online Payment Aggregator Zppl
Zomato gets RBI approval to operate as online payment aggregator
10 months, 4 weeks ago

Zomato gets RBI approval to operate as online payment aggregator

Hindustan Times  

Online food delivery platform Zomato on Thursday announced that it has received authorisation by the Reserve Bank of India as an ‘Online Payment Aggregator’. “Pursuant to our earlier disclosure dated August 4, 2021 regarding the incorporation of Zomato Payments Private Limited, a wholly owned subsidiary of Zomato Limited to carry out the business, inter alia, as payment aggregator and issuer …

Payment Rbi Zomato Payment Aggregator Online Payment Aggregator
RBI lifts ban on Razorpay, Cashfree; allows onboarding new merchants
1 year ago

RBI lifts ban on Razorpay, Cashfree; allows onboarding new merchants

Live Mint  

The Reserve Bank of India has lifted ban on payment aggregators Razorpay and Cashfree after almost a year. We are very excited about this new phase of our journey, where we continue to drive exponential growth and retain our market leadership as the preferred aggregator in the payments space.” Razorpay spokesperson said: “Having received the new PA licence, we now …

Payment Rbi Paytm Razorpay Aggregator Payu India Cashfree
PhonePe rolls a dice in the pay aggregator biz
1 year, 2 months ago

PhonePe rolls a dice in the pay aggregator biz

Live Mint  

New Delhi: Avinash Kumar runs Blumox Technologies, a Delhi-based company that develops websites, mobile apps and applications for enterprises. PhonePe is offering this company its ‘payment aggregator’ platform. Pushing the payment aggregator business is now the fulcrum of the company’s effort to diversify the business, away from simply facilitating UPI transactions that make no money. Once PhonePe builds a large …

Business India Payments Online Pay Payment Company
‘Centre’s attack on consultants delayed Delhi Transport Department’s work’
1 year, 2 months ago

‘Centre’s attack on consultants delayed Delhi Transport Department’s work’

The Hindu  

Delhi Transport Minister Kailash Gahlot said that despite the Centre’s attempts to hinder the progress of the Delhi government’s schemes, his department will start delivering on its promise of providing better connectivity by the end of the year. However, through geo-fencing at bus stops, the department levies penalties in the form of challans of ₹500 every time a bus does …

Delhi Scheme Mohalla Bus Aggregator
Uber, Ola drivers to face fines for ride cancellations in THIS state
1 year, 3 months ago

Uber, Ola drivers to face fines for ride cancellations in THIS state

Live Mint  

A panel appointed by the Maharashtra government has recommended that drivers of aggregators like Uber and Ola should be fined ₹50-75 for each cancellation, and this rebate should be provided to the affected passenger. The committee, led by retired bureaucrat Sudhirkumar Shrivastava, also proposed that taxis be given a maximum of 20 minutes to reach the pickup point, with fines …

Aggregator
Gig Workers Bill: reading between the lines
1 year, 3 months ago

Gig Workers Bill: reading between the lines

The Hindu  

In a first of its kind, the Rajasthan government introduced the Rajasthan Platform-Based Gig Workers Bill, 2023, with the aim of ensuring social security for gig workers. Editorial | Promising Bill: On the Rajasthan Platform-based Gig Workers Bill, 2023 Third, the Bill aims to create a database of gig workers wherein the details of all the workers onboarded or registered …

India Security Welfare Social Social Security Workers Gig Workers
Bike-Taxis : Supreme Court Gives Delhi Govt Time Till Sep 30 To Notify 'Motor Vehicle Aggregator & Delivery Service Provider Scheme'
1 year, 4 months ago

Bike-Taxis : Supreme Court Gives Delhi Govt Time Till Sep 30 To Notify 'Motor Vehicle Aggregator & Delivery Service Provider Scheme'

Live Law  

The Supreme Court on Monday extended the time granted to the Delhi Government to finalise the Delhi Motor Vehicle Aggregator and Delivery Service Provider Scheme, 2023 for regulation of two wheeler aggregators till September 30th.The application filed by the Delhi Government for extension of time was allowed by a division bench of Justice Aniruddha Bose and Justice Bela M. The …

Policy Justice Delhi Supreme Court Court Bose Service