Home > Practice > Current Affairs > September - 2024 > September 06, 2024
1. From which state did the fintech startup Paysharp, which recently secured RBI authorization, originate?
Paysharp, a rising fintech startup from Tamil Nadu, achieved a significant milestone by securing final authorization from the Reserve Bank of India (RBI) on August 30, 2024. This authorization strengthens its position in India's payment system ecosystem, marking the company's journey from preliminary authorization in December 2022 to becoming one of the 36 authorized payment aggregators in the country. This achievement highlights Tamil Nadu’s growing presence in India's fintech sector.