MMAD Communications has launched a new payment aggregator brand called Mpay, following final authorization from the Reserve Bank of India (RBI). Mpay will offer a suite of secure, scalable, and innovative payment solutions that meet the highest regulatory standards. MMAD has leveraged its experience managing high-volume transactions for the Indian Railway Catering and Tourism Corporation (IRCTC) to bring trusted payment solutions to the digital payments market. The company applied for an RBI payment aggregator license in 2021 and received final authorization on October 25, 2023. Mpay aims to redefine digital transactions, offering services tailored to meet the growing demands of businesses and consumers across various sectors. With the new authorization, MMAD Communications is well-positioned to lead the digital payments landscape in India, combining regulatory compliance with technological excellence.

Source: https://www.expresscomputer.in/news/mmad-communications-unveils-rbi-approved-payment-aggregator-services-under-new-brand-mpay/118716/