Zomato's ZPPL surrenders payment aggregator license to RBI

Zomato Payments Private Limited (ZPPL), a subsidiary of Zomato, has decided to voluntarily surrender the license it obtained from the RBI to operate as an online payment aggregator. The company obtained a license from the RBI on January 25, 2024. The Deepinder Goyal-led company wrote down its ₹39 crore investment in ZPPL and declared it an impairment loss.