Computer Age Management Services Limited got the Authorization as an Online Payment Aggregator

11 April 2024

CAMS has been granted authorization to the company to operate as an Online Payment Aggregator. CAMSPAY, the payment business unit of the Company has been at the forefront of the payment solutions industry for the past 15 years, specializing in providing secure, seamless, and innovative payment services tailored specifically to the unique needs of the Banking, Financial Services, and Insurance (BFSI), and Education Technology (Ed-Tech) sectors.

In March,2024, CAMSPay achieved a record-setting registration of more than a 1.2 million mandates for UPI Autopay, underlining the company’s growing influence in online Digital Payments Segment. The company’s collaboration with major Banks in the country and with the National Payments Corporation of India (NPCI) further enhances the capability to deliver a broad spectrum of payment services to the markets we serve.

The company made application to the Reserve Bank of India for the issue of certificate of Authorisation after the business became a regulated consequent to the issue of “Guidelines on Regulation of Payment Aggregators and Payment Gateways” (“Guidelines “) in March 2020.