Digio: Tata Pay and DigiO Get Payment Aggregator Licences from RBI

Tata Payments, a Tata group's digital payments app, has received payment aggregator (PA) licence from the Reserve Bank of India (RBI). With this Tata Pay will compete with likes of Walmart-backed PhonePe and Google Pay in order to capture a pie of the aggressively growing payments market.Besides Tata Pay, Bengaluru-based identity verification startup DigiO has also secured the PA licence, as of