Infibeam Avenues Secures RBI’s Offline Payment Aggregator License, Expands CCAvenue’s Payment Capabilities
AHMEDABAD,17TH November: Infibeam Avenues Ltd (NSE: INFIBEAM, BSE: 539807), a AI-driven fintech company, has received authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator for physical (offline) payments under the Payment and Settlement Systems Act, 2007.
The POS ecosystem in India continues to scale rapidly. RBI data shows that POS terminal installations by 24.7% in the financial year 2024-25, reaching 11 million devices. As per various market research reports, there is indications of further momentum and it is projected that the Indian POS device market valued at INR 38.82 billion in 2024 is expected to grow at a CAGR of 13.3% to touch INR 135.32 billion by 2034.
With its latest licence approval, Infibeam Avenues is poised to strengthen its role in India’s expanding digital and offline payments landscape.
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(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ/ ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)
