India, April 30 -- Fintech major MobiKwik's subsidiary Zaakpay ePayment Services Pvt Ltd has received the RBI's nod to operate as an online payment aggregator.

With the certification, Zaakpay will be able to expand its payment aggregation business. "This will allow Zaakpay to pursue business expansion in the digital payments ecosystem," MobiKwik said in an exchange filing.

Zaakpay was set up by MobiKwik in 2011 to act as a payment processing gateway, facilitating digital transactions for businesses. The company claims that its gateway can get merchants access to 100+ payment modes, including credit cards, debit cards, net banking, UPI, among others.

The RBI issued the certification under the Payment and Settlement Systems Act, 2007, au...