It has got the nod from RBI. Other non-bank entities who have received a licence from the RBI include Spice Digital, Oxigen, PayU, TechProcess Payment Services, Euronet and Paytm. The RBI is communicating the decision of who gets a licence directly to the applicants. ItzCash has clocked volume transactions of over Rs 6,000 crore in the utility bill payments space for the year 2015-16.

ItzCash gets an in-principle approval to set up a Bharat Bill Payments Operating Unit

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