CAMS to operate as online payment aggregator

(20 second reading) Computer Age Management Services (CAMS) on Wednesday, April 10, received authorisation from the RBI to operate as an online payment aggregator.

CAMS–India’s largest mutual fund transfer agency had received an in-principle authorisation from the central bank in February, 2023.The company’s payment business unit, CAMSPay, is currently serving mutual funds, insurance companies, banks and NBFCs. Its offerings now include an expanded UPI autopay feature that has seen wide adoption by fintech channels and notable third-party applications