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Zomato's ZPPL surrenders payment aggregator license to RBI
short by / on Tuesday, 14 May, 2024
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.
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