CrackitToday App

RBI Clears Tata Communications’ Payment Arm Sale to Findi

Kumari Sonali

RBI Clears Tata Communications’ Payment Arm Sale to Findi:

The Reserve Bank of India has approved Tata Communications’ sale of its entire stake in Tata Communications Payment Solutions Ltd to Australian fintech Findi’s subsidiary, Transaction Solutions International for ₹330 crore, with an additional ₹75 crore contingent on interchange rate adjustments.

...Read more on our test console

...Read these too

  • RBI Payment Aggregator Approval

    RBI Payment Aggregator Approval: The Reserve Bank of India has granted final authorization for three more companies – Juspay, Decentro, and Zoho – to operate as payment aggregators in India.…

  • Payment Vision 2025: RBI

    Payment Vision 2025: RBI The Reserve Bank of India (RBI) has come out with “Payments Vision 2025” with an objective to provide every user with safe, secure, fast, convenient, accessible…

  • Bharat Bill Payment System : RBI

    Bharat Bill Payment System : RBI The Reserve Bank of India (RBI) recently announced that all credit card bill payments via third-party applications must now be routed through the Bharat…