MobiKwik’s payment gateway, Zaakpay, has been granted in-principle authorization by the Reserve Bank of India to operate as a payment aggregator. RBI’s in-principle authorisation will enable Zaakpay to onboard new merchants onto its platform for quick and easy processing of online payments.
Zaakpay operates and works with leading brands across sectors such ase-commerce, mobility,bill Payments and more. Zaakpay is a trusted payment gateway partner for multiple merchants and offers 100+ different payment methods across UPI, Debit andCredit cards, Net Banking, and mobile wallets options. Zaakpay offers multiple levels of encryption, system-level firewalls and aims to abide by all PAPG compliances such as PCI DSS, PA DSS, Tokenisation and Security standards issued by the regulator and network operators.
Upasana Taku, Chairperson, Co-founder & COO of MobiKwik, said, “This development reinforces our commitment to further develop MobiKwik into a comprehensive digital banking services platform.”Zaakpay, a platform with developer-friendly APIs, integrates seamlessly with digital storefronts and offers a 99.9% system up time for smooth payment processing for businesses.
