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MMAD Communications Unveils RBI-Approved Payment Aggregator Services Under New Brand 'Mpay'
New Delhi [India] November 18: MMAD Communications, a leading technology solutions provider in digital payments, announced that it is launching a new payment aggregator brand ‘Mpay’, post its receiving final authorization to this effect from the Reserve Bank of India (RBI). Mpay will enable businesses and consumers to access a suite of secure, scalable, and [...]
New Delhi [India] November 18: MMAD Communications, a leading technology solutions provider in digital payments, announced that it is launching a new payment aggregator brand ‘Mpay’, post its receiving final authorization to this effect from the Reserve Bank of India (RBI). Mpay will enable businesses and consumers to access a suite of secure, scalable, and innovative payment solutions that adhere to the highest regulatory standards set by the RBI and be assured of the highest and most trusted service standards of MMAD.
Since 2018, MMAD has leveraged its experience managing high-volume transactions, particularly for the Indian Railway Catering and Tourism Corporation (IRCTC), to bring trusted, high-performance payment solutions to the rapidly growing digital payments market. In 2021, MMAD Communications applied for an RBI ‘Payment Aggregator’ license, marking a significant step toward expanding its footprint in digital payments. On October 24, 2024, the RBI granted final authorization, allowing MMAD to launch and market its payment solutions under the Mpay brand.
