 The Reserve Bank of India (RBI) has issued several important regulatory approvals involving fintech and financial-services companies.
One of the major developments is the in-principle approval for RNFI Services to operate as a Payment Aggregator-Physical, allowing it to facilitate physical payment services through its distribution network.
Key Highlights:
- RNFI Services received in-principle authorisation for Payment Aggregator-Physical operations.
- The approval comes under the Payment and Settlement Systems framework.
- PB Pay has commenced commercial operations as a Payment Aggregator.
- PB Pay received its regulatory authorisation earlier in 2026.
- ICICI Prudential Asset Management Company received approval to acquire up to 9.95% of CSB Bank’s paid-up capital or voting rights.
- The developments strengthen the regulated digital and physical payments ecosystem.
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