Zomato Shuts Down Wallet, Surrenders License; Reports Rs 175 Crore Profit

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6 months ago

In a surprising move, foodtech giant Zomato has opted to surrender its payment aggregator and wallet license to the Reserve Bank of India (RBI), signaling a shift in its payment strategy. Here’s a breakdown of the key developments: Voluntary Surrender of License Zomato disclosed that its subsidiary Zomato Payments Private Limited (ZPPL) has decided to […]

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