India, March 10 -- Microlending fintech startup ftcash has received a final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA), joining the list of companies like Razorpay, Cashfree, Innoviti and Easebuzz among others.

Confirming the development to Inc42, a company executive said that the final nod from the RBI was received on March 4.

Cofounder and chief business officer Vaibhav Lodha said that ftcash received an in-principle approval from the central bank last year and the final nod will further add to the credibility of the company.

"This development will further build confidence and credibility among our partners and end users in offering secure digital payment solutions," Lodha said....