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The payments orchestrator raised the funding even as it is locked in a battle with payment aggregators.

The loss of business could dent volumes, but should have next to no effect on the bottom line of payment companies
The battle between four of India’s major fintechs and the payments orchestration leader is being fought on the issues of interoperability and fair competition. Ultimately, though, commercial factors will trump all else.
The central bank’s rejection of the decade-old company’s application for a payment aggregator licence triggers a pivot and chaos.