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Payment aggregator ecosystem: navigating the tightrope of regulations, profits and valuation
- The Indian payment aggregator sector is going through a transformative phase amid evolving regulations and a dynamic market.
- As the payment aggregator landscape matures, it presents a unique opportunity for companies to assert dominance.
- Physical KYC requirements and due diligence for payment aggregators are stringent, akin to those imposed on universal banks by the RBI.
- Regulatory measures by the RBI have provided much-needed relief and support to the industry.
- The Indian payment gateway market is estimated to be worth $1.21bn in 2024, growing at a CAGR of 17.16% during the forecast period.
- Balancing regulatory compliance with innovative solutions is crucial.
- Value-added services such as fraud detection, loyalty programmes, and financial analytics can help small businesses navigate regulatory challenges and drive economic growth.
- The future of payment aggregators lies in their ability to adapt to regulatory changes, leverage technological advancements, and offer value-added services.
- Companies must balance regulatory compliance with innovation and profitability to emerge as leaders.
- The market environment presents challenges and opportunities, and companies that can stick to regulatory requirements while fostering value stickiness will come out on top.
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