India's Infibeam Avenues gains on cenbank approval for payment aggregator licence

Avenuesai

05/03/2024 06:57

** Shares of fintech co Infibeam Avenues  IFIB.NS  up 5.8%
at 37.15 rupees
    ** Co on Monday said it got Indian central bank's final
authorisation for payment aggregator licence
    ** Move permits co to operate as online payment aggregator
to provide digital payments services to any merchant across the
country, co said
    ** IFIB shares up over 70% YTD after gaining ~30% last year

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))