Thursday, 18 September, 2025
RMG Ban Drains Payment Aggregators' Revenues, Threatens Fintech Stability
India's ban on real-money gaming (RMG) has significantly impacted payment aggregators, with transaction volumes dropping sharply. While large firms like Razorpay and PhonePe are better insulated, smaller aggregators face revenue declines of up to 50%. The slowdown in UPI transactions, a preferred payment method for gamers, indicates a broader industry trend.
Read full story at Economic Times