RediffPay Reaches Milestone in Digital Payments by Improving Financial Inclusion Offerings

Infibeam Avenues Limited, a leading fintech company, reached a major milestone by obtaining a license from the National Payments Corporation of India (NPCI) for its digital payment platform, RediffPay.

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This approval enables RediffPay to function as a Third-Party Application Provider (TPAP) and offer UPI services, representing a significant step in the company’s digital financial growth.

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It is a significant development for Infibeam Avenues, especially in the aftermath of acquiring a controlling stake in Rediff.com India last year in 2024.

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Chairman and Managing Director of Infibeam Avenues Vishal Mehta said that this development is strategically important for the company.

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Besides UPI services, RediffPay will offer a range of financial products, including credit and wealth management solutions, to cater to diverse consumer needs.

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The developments follow Infibeam Avenues’ earlier achievement in securing final approval from the RBI to operate as a Payment Aggregator by its flagship payment gateway, CCAvenue.

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