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Status of Applications received from Online Payment Aggregators (PAs) and Payment Aggregators- Cross Border (PAs-CB) under Payment and Settlement Systems Act, 2007 – As on 16.07.2025

138452589

Status of Applications received from Online Payment Aggregators (PAs) and Payment Aggregators- Cross Border (PAs-CB) under Payment and Settlement Systems Act, 2007 – As on 16.07.2025

Table A: Existing PAs which can operate as Online Payment Aggregators
Sr No. Name of the entity Remarks
1. Dreamplug Paytech Solutions Private Limited In-Principle Authorisation Granted
2. Mpurse Services Private Limited In-Principle Authorisation Granted
3. NTT DATA Payment Services India Limited  In-Principle Authorisation Granted
4. Paymate India Private Limited In-Principle Authorisation Granted
5. PhonePe Private Limited In-Principle Authorisation Granted
6. Tapits Technologies Private Limited In-Principle Authorisation Granted
7. Tyche Payment Solutions Private Limited In-Principle Authorisation Granted
8. Unimoni Enterprise Solutions Private Limited * In-Principle Authorisation Granted
  
9. Freecharge Payment Technologies Private Limited * Application Under Process
10. Global Payments Asia-Pacific (India) Private Limited * Application Under Process
11. LivQuik Technology (India) Private Limited Application Under Process
12. PayTM Payments Services Limited * Application Under Process
* No new merchants to be onboarded until advised otherwise. 
 
Table B: New PAs – Applications which have been granted in-principle authorisation / applications which are currently under process – Cannot operate
Sr No. Name of the entity Remarks
1.

Aurus Paytech Private Limited

In-Principle Authorisation Granted

2.

Euronet Services India Private Limited

In-Principle Authorisation Granted

3.

First Data (India) Private Limited

In-Principle Authorisation Granted

4.

Nium India Private Limited

In-Principle Authorisation Granted

5.

I Money Pay Private Limited

In-Principle Authorisation Granted

6.

PB Pay Private Limited

In-Principle Authorisation Granted

7.

Quicktouch Technologies Limited

In-Principle Authorisation Granted

8.

SBI Payment Services Private Limited

In-Principle Authorisation Granted

9.

Sodexo SVC India Private Limited

In-Principle Authorisation Granted

 

10.

Adhishwar Nivesh Private Limited

Application Under Process

11.

Aditya Birla Capital Digital Limited

Application Under Process

12.

Appnit Technologies Private Limited

Application Under Process

13.

BNY Finserv Private Limited

Application Under Process

14.

Chaseout Payments Private Limited

Application Under Process

15.

Digidios Payments Services Private Limited

Application Under Process

16.

Dugar Finance & Investments limited

Application Under Process

17.

Electronic Payment and Services Private Limited

Application Under Process

 

 

 

18.

Findi India Private Limited

Application Under Process

19.

GoKwik Commerce Solutions Private Limited

Application Under Process

 

 

 

20.

Integra Micro Systems Private Limited

Application Under Process

21.

IRCTC Payments Limited

Application Under Process

22.

KGC Infotech Private Limited

Application Under Process

23.

Letzpay Solution Private Limited

Application Under Process

 

 

 

24.

Omniware Technologies Private Limited

Application Under Process

25.

Paygrex Technologies Private Limited

Application Under Process

26.

Smart Payment Solutions Private Limited

Application Under Process

 
Table C: Online PA – Applications which were returned / withdrawn / refused- Cannot operate
Existing PAs were advised to stop online payment aggregation activity and close nodal / escrow account(s) within a period of 180 days from the date of return of application.
Sr No. Name of the entity Whether Existing PA / New PA Remarks
1. Aggrepay Payments Solutions Private Limited Existing PA  Application returned on 08.02.2023
2. Akonto Payment Solutions Private Limited Existing PA  Application returned on 19.01.2023
3. BrokenTusk Technologies Private Limited Existing PA  Application returned on 07.10.2022
4. Dinero Payment Services Private Limited Existing PA Application refused on April 18, 2023
5. Ezetap Mobile Solutions Private Limited Existing PA  Application returned on 10.10.2022
6. Flexmoney Technologies Private Limited Existing PA  Application returned on 17.10.2022
7. fonePaisa Payment Solutions Private Limited Existing PA  Application returned on 10.10.2022
8. FSS Grameenpay Private Limited Existing PA  Application returned on 02.02.2022
9. Golden Legand Leasing and Finance Limited Existing PA  Application returned on 20.01.2023
10. INSOnline India Private Limited Existing PA Application returned on 28.02.2023
11. Instamojo Technologies Private Limited Existing PA Application returned on 27.09.2023
12. Kopayments Private Limited Existing PA  Application returned on 29.12.2022
13. Letzpay Solution Private Limited Existing PA Application returned on 08.05.2023
14. Marg Fintech Private Limited Existing PA Application returned on 29.03.2023
15. Paygate India Private Limited Existing PA Application refused on April 18, 2023
16. Paykun Payment Solutions Private Limited Existing PA  Application returned on 02.02.2022
17. Payswiff Solutions Private Limited Existing PA  Application returned on 19.10.2022
18. Senrysa Technologies Private Limited Existing PA Application returned on 28.02.2023
19. Synergistic Financial Networks Private Limited Existing PA  Application returned on 07.10.2022
20. Vmobo Mobile Private Limited Existing PA  Application returned on 08.12.2021
21. Volks Electronics Private Limited Existing PA  Application returned on 03.12.2021
22. Worldline India Private Limited Existing PA Application returned on 28.09.2022
23. Wunderbaked Technologies Private Limited Existing PA Application returned on 20.01.2023
24. Zenex E-Commerce Private Limited Existing PA Application returned on 03.12.2021
 
25. Aceware Fintech Services Private Limited  New PA Application returned on 29.11.2022
26. Aditya Birla Capital Digital Limited New PA Application returned on 15.04.2025
27. AGDP Fintech Private Limited New PA Application returned on 15.12.2021
28. Apexpay Technologies Private Limited New PA Application returned on 07.10.2022
29. Asian Checkout Private Limited New PA Application returned on 20.10.2022
30. BeBuoy Infoservices Private Limited  New PA Application returned on 27.11.2020
31. BNY Finserv Private Limited New PA Application returned on 06.03.2024
32. Bongdeal India Private Limited New PA Application returned on 10.11.2022
33. CAMS Payment Services Private Limited New PA Application returned on 25.10.2021
34. Cash Friend Fintech Private Limited New PA Application returned on 18.10.2023
35. CGB Fintek Private Limited New PA Application returned on 12.06.2024
36. Commonwealth Inclusive Growth Services Limited New PA Application returned on 07.10.2022
37. Digidios Payments Services Private Limited New PA Application returned on 28.03.2024
38. Ditya Finance Private Limited New PA Application returned on 10.12.2021
39. E-Meditek Global Private Limited New PA Application returned on 30.09.2022
40. FintechDaddy Solutions Private Limited New PA Application returned on 18.10.2023
41. ePaisa Services Private Limited New PA Application returned on 27.07.2020
42. Eutro Agro Products Private Limited New PA Application returned on 10.11.2022
43. Gonexa Instant Payment Private Limited New PA Application returned on 21.11.2023
44. Hindon Mercantile Limited New PA Application returned on 10.01.2023
45. InCashMe Mobile Wallet Service Private Limited New PA Application returned on 30.05.2022
46. Indian Railway Catering and Tourism Corporation Limited New PA Application returned on 26.02.2021
47. Ippopay Technologies Private Limited New PA Application returned on 13.02.2023
48. Iserveu Technology Private Limited New PA Application returned on 23.09.2021
49. Kashind Financiers Limited New PA Application returned on 10.12.2021
50. Kedarpay Solutions Private Limited New PA Application returned on 12.01.2023
51. KGC Infotech Private Limited New PA Application returned on 21.11.2023
52. Kredx Platform Private Limited New PA Application returned on 07.12.2022
53. Mewt Account Private Limited New PA Application returned on 03.04.2025
54. Minions Ventures Private Limited New PA Application returned on 18.02.2025
55. Mufinpay Payment Solution Private Limited New PA Application returned on 04.07.2025
56. MySwadeshi Product Private Limited New PA Application returned on 11.12.2023
57. Naffa Innovations Private Limited  New PA Application returned on 13.10.2021
58. Nearby Technologies Private Limited New PA Application returned on 26.07.2022
59. Newbazaar Technologies Private Limited New PA Application returned on 10.10.2022
60. Ola Financial Services Private Limited New PA Application returned on 28.09.2022
61. Pay2ment Software Technologies Private Limited New PA Application returned on 14.01.2025
62. Paygator Fintech Private Limited New PA Application returned on 30.01.2024
63. Paygoal Business Solutions Private New PA Application returned on 08.07.2024
64. Pay Point India Network Private Limited New PA Application returned on 28.10.2022
65. Paytekk India Private Limited New PA Application returned on 14.10.2022
66. Paytel Financial Technologies Private Limited New PA Application returned on 31.10.2023
67. Prevxee E-commerce (India) Private Limited New PA Application returned on 10.11.2022
68. Rapyd Aggregator Network India Private Limited New PA Application returned on 29.09.2021
69. Rupifi Technology Solutions Private Limited New PA Application returned on 10.11.2022
70. S2 Payments and Tech Solutions Private Limited New PA Application refused on 27.06.2025
71. Safee Peee India Private Limited New PA Application returned on 10.11.2022
72. Safexpay Payments Aggregator Private Limited New PA Application returned on 22.11.2021
73. Sambhavpay Payments Solutions Private Limited New PA Application returned on 27.04.2023
74. Skilworth Technologies Private Limited  New PA Application returned on 26.09.2022
75. Spay Fintech Private Limited New PA Application returned on 14.08.2023
76. Twid Rewards Global Private Limited New PA Application returned on 07.12.2022
77. Virtual Galaxy Infotech Private Limited New PA Application returned on 28.12.2020
78. V. Vang Solutions Private limited New PA Application returned on 15.05.2024
79. Wasfa Technology Private Limited New PA Application returned on 13.09.2023
80. Yalamanchili Software Exports Private Limited New PA Application returned on 29.08.2022
81. Zhudao Infotech Private Limited  New PA Application returned on 06.01.2023
Ω Applications were withdrawn by these entities.
 
Table D: Existing PAs-CB which can operate as Payment Aggregator - Cross Border
Sr No. Name of the entity Remarks
1. GoBrisk Technologies Private Limited In-Principle Authorisation Granted
2. PayPal Payments Private Limited In-Principle Authorisation Granted
3. Skydo Technologies Private Limited In-Principle Authorisation Granted
4. Trade Pe Tech Private Limited In-Principle Authorisation Granted
5. Wise Payments India Private Limited In-Principle Authorisation Granted
 
6. Airpay Payment Services Private Limited Application under process
7. Boku Network Services IN Private Limited Application under process
8. Nium India Private Limited Application under process
9. PayGlocal Technologies Private Limited Application under process
10. PayU Payments Private Limited Application under process
11. Razorpay Software Private Limited Application under process
     
 
Table E: New PAs-CB – Applications  which are currently under process – Cannot operate
Sr No. Name of the entity Remarks

1.

Les-Amis Private Limited

In-Principle Authorisation Granted

 

2.

 

Adhishwar Nivesh Private Limited

Application under process

  3.

Concerto Software and Systems Private Limited

Application under process

4.

Easebuzz Private Limited

Application under process

5.

KGC Infotech Private Limited

Application under process

6.

 

 

7.

Letzpay Solution Private Limited

Application under process

8.

NexG Payments Private Limited

Application under process

9.

Paygrex Technologies Private Limited

Application under process

10.

Paymate India Private Limited

Application under process

11.

Payoneer India Private Limited

Application under process

12.

PhiCommerce Private Limited

Application under process

13.

Pine Labs Private Limited

Application under process

14.

Sameep Payment Aggregator Limited

Application under process

15.

Unlimint IN Private Limited

Application under process

16.

Xflow Payments India Private Limited

Application under process

 
Table F: PAs-CB - Applications which were returned / withdrawn / refused- Cannot operate
Sr No. Name of the entity Whether Existing PA / New PA Remarks
1. 6Point3 Technologies Private Limited Existing PA-CB Application returned on 16.07.2024
2.  Appreciate Credit Technologies India  Private Limited New PA-CB Application returned on 27.08.2024
3.  Decfin Tech Private Limited New PA-CB Application returned on 28.04.2025
4.  InsOnline India Private Limited Existing PA-CB Application refused on 20.03.2025
5.  In-Solutions Global Limited New PA-CB Application returned on 23.05.2025
6.  NTT DATA payment services India Limited New PA-CB Application returned on 28.04.2025
7.  Pozium Ventures Private Limited Existing PA-CB Application returned on 29.07.2024
8.  Quick Forex Limited New PA-CB Application returned on 07.11.2024
9.  SRS Live Technologies Private Limited New PA-CB Application returned on 28.04.2025
10. Stripe India Private Limited New PA-CB Application returned on 12.07.2024
Ω Applications were withdrawn by these entities.
 

Note:

i. List of Online Payment Aggregators and Payment Aggregators- Cross Border that have been granted Certificate of Authorisation (CoA)/ approval can be accessed at https://website.rbi.org.in/web/rbi/payment-and-settlements/other-links/information-useful-to-banks-fis/payment-system-operators

ii. While existing PAs and PAs-CB (that have applied for authorisation within the stipulated timelines) can continue business unless advised otherwise by the Reserve Bank of India, new PAs and PAs-CB cannot commence operations until they are granted ‘authorisation’ under Section 7 of the Payment and Settlement Systems Act, 2007.

iii. Grant of ‘in-principle’ authorisation to applicant entities, shall not be construed as authorisation unless the entity is granted ‘authorisation’ under Section 7 of the Payment and Settlement Systems Act, 2007.

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