PhonePe Surrenders NBFC-Account Aggregator Licence: Here’s Why
Introduction PhonePe, one of India’s leading digital payment platforms, has recently surrendered its NBFC-Account Aggregator (NBFC-AA) licence. This unexpected move has raised questions about the company’s strategic direction and the evolving regulatory landscape. In this article, we will explore the reasons behind this decision, its impact on the fintech sector, and what lies ahead for…