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Zomato to give up RBI licence for e-payments
Zomato announced on Monday that its subsidiary has chosen to voluntarily give up the authorization certificate it received from RBI to function as an online payment aggregator. "We do not see ourselves having a significant competitive advantage against the incumbents...," Zomato said. It also announced a net profit of 175 crore rupees on a consolidated basis in the March quarter.
Zomato announced on Monday that its subsidiary has chosen to voluntarily give up the authorization certificate it received from RBI to function as an online payment aggregator. "We do not see ourselves having a significant competitive advantage against the incumbents...," Zomato said. It also announced a net profit of 175 crore rupees on a consolidated basis in the March quarter. 
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