Walmart-backed Indian payments firm PhonePe has secured the final authorisation from the Reserve Bank of India to function as an online payment aggregator. The approval enables PhonePe to extend its services, with a strategic focus on small and medium-sized enterprises throughout India, reported The Times of India. PhonePe merchant business chief business officer Yuvraj Singh Shekhawat was quoted by the publication as saying: “With this authorisation, PhonePe is well-positioned to accelerate financial in ...