MMAD Communications unveils RBI-approved payment aggregator services under new brand "Mpay"

MMAD Communications, a technology solutions provider in digital payments, announced that it is launching a new payment aggregator brand ‘Mpay’, post its receiving final authorization to this effect from the Reserve Bank of India (RBI).

MMAD Communications is a premier technology solutions provider known for its expertise in high-volume payment processing.

What will Mpay offer?

Mpay will enable businesses and consumers to access a suite of secure, scalable, and innovative payment solutions that adhere to the regulatory standards set by the RBI and be assured of the highest and most trusted service standards of MMAD. 

Since 2018, MMAD has leveraged its experience managing high-volume transactions, particularly for the Indian Railway Catering and Tourism Corporation (IRCTC), to bring trusted, high-performance payment solutions to the rapidly growing digital payments market.

In 2021, MMAD Communications applied for an RBI ‘Payment Aggregator’ license, marking a significant step toward expanding its footprint in digital payments.

On October 25, 2023, the RBI granted final authorization, allowing MMAD to launch and market its payment solutions under the Mpay brand.

Leadership comments

"We are delighted to introduce Mpay as a comprehensive digital payment solution which is backed by our years of technical expertise and a commitment to excellence and reliability," said Pankaj Gambhir, Director, MMAD Communications.

"With RBI’s authorization, Mpay will help drive forward our mission to deliver streamlined, user-centric payment experiences, building on the success we’ve demonstrated earlier. We hope to actively build the payments market in India and be an active partner in leading the country’s march to be a global digital payments leader," Gambhir added.

Mpay aims to redefine digital transactions, offering a suite of services tailored to meet the growing demands of businesses and consumers across various sectors.