Zaakpay, a reliable and secure payment gateway arm of MobiKwik, has received in-principle authorisation from the Reserve Bank of India (RBI) 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, a trusted payment gateway partner, collaborates with top brands in e-commerce, mobility, and bill payments, offering over 100 payment methods including UPI, debit and credit cards, Net Banking, and mobile wallets. Zaakpay provides various encryption levels and system-level firewalls, adhering to all PAPG compliances, including PCI DSS, PA DSS, Tokenisation, and Security standards set by regulators and network operators.
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. 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.”
