Aditya Birla Capital Digital Ltd. (ABCDL) has received in-principle approval to operate as an online payment aggregator. This approval was granted under the Payment and Settlement Systems Act, 2007, and was announced by the company through an exchange filing on Tuesday. As a result, ABCDL will be able to provide online payment aggregation services, facilitating transactions between consumers and merchants.
Aditya Birla Capital Ltd. (ABCL) is the parent company of ABCDL and is a non-banking financial company that oversees the financial services business of the Aditya Birla Group. ABCL has several subsidiaries, including Aditya Birla Housing Finance Ltd., Aditya Birla Health Insurance Ltd., Aditya Birla Sun Life Insurance, and Aditya Birla Insurance Brokers Ltd. These subsidiaries operate in various financial services sectors, such as housing finance, health insurance, life insurance, and insurance brokerage.
In its recent financial results, ABCL reported a 10% year-on-year increase in consolidated net profit to ₹835 crore during the first quarter of fiscal 2026. This growth indicates the company’s strong performance and expansion in the financial services sector. The approval to operate as an online payment aggregator is expected to further enhance ABCL’s capabilities and offerings in the digital payments space.
The Aditya Birla Group is a large conglomerate with diversified businesses, and the approval of ABCDL as an online payment aggregator is a significant development for the group’s financial services arm. With this approval, ABCDL is poised to play a larger role in India’s growing digital payments ecosystem, which has seen significant growth in recent years driven by government initiatives and increasing consumer adoption of digital payment methods.
The in-principle approval is subject to certain conditions and requirements, which ABCDL will need to fulfill to commence operations as an online payment aggregator. However, with this approval, the company has taken a significant step towards expanding its presence in the digital payments space and enhancing its service offerings to customers. Overall, the development is expected to contribute to the growth of ABCL and the Aditya Birla Group, while also providing consumers with more convenient and accessible digital payment options.