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Status of Applications received from Online Payment Aggregators (PAs) and Payment Aggregators-Cross Border (PAs-CB) under the Payment and Settlement Systems Act, 2007 – As on April 01, 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. Futuretek Commerce Private Limited In-Principle Authorisation Granted
3. Hiveloop Internet Private Limited In-Principle Authorisation Granted
4. Mpurse Services Private Limited In-Principle Authorisation Granted
5. NTT DATA Payment Services India Limited In-Principle Authorisation Granted
6. Paymate India Private Limited In-Principle Authorisation Granted
7. PayU Payments Private Limited In-Principle Authorisation Granted
8. PhonePe Private Limited In-Principle Authorisation Granted
9. Pine Labs Private Limited In-Principle Authorisation Granted
10. Tyche Payment Solutions Private Limited In-Principle Authorisation Granted
11. Unimoni Enterprise Solutions Private Limited * In-Principle Authorisation Granted
12. Xsilica Software Solutions Private Limited In-Principle Authorisation Granted
13. Zaak Epayment Services Private Limited In-Principle Authorisation Granted
 
14. Freecharge Payment Technologies Private Limited * Application Under Process
15. Global Payments Asia-Pacific (India) Private Limited * Application Under Process
16. LivQuik Technology (India) Private Limited Application Under Process
17. PayTM Payments Services Limited * Application Under Process
18. Tapits Technologies Private 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. First Data (India) Private Limited In-Principle Authorisation Granted
3. Instanow Info Systems Private Limited In-Principle Authorisation Granted
4. Khatabook Technologies Private Limited In-Principle Authorisation Granted
5. Nium India Private Limited In-Principle Authorisation Granted
6. Resilient Payments Private Limited In-Principle Authorisation Granted
7. SBI Payment Services Private Limited In-Principle Authorisation Granted
8. Sodexo SVC India Private Limited In-Principle Authorisation Granted
 
9. Adhishwar Nivesh Private Limited Application Under Process
10. Aditya Birla Capital Digital Limited Application Under Process
11. Appnit Technologies Private Limited Application Under Process
12. BNY Finserv Private Limited Application Under Process
13. Electronic Payment and Services Private Limited Application Under Process
14. Euronet Services India Private Limited Application Under Process
15. GoKwik Commerce Solutions Private Limited Application Under Process
16. I Money Pay Private Limited Application Under Process
17. Integra Micro Systems Private Limited Application Under Process
18. IRCTC Payments Limited Application Under Process
19. KGC Infotech Private Limited Application Under Process
20. Mewt Account Private Limited Application Under Process
21. Mufinpay Payment Solution Private Limited Application Under Process
22. Omniware Technologies Private Limited Application Under Process
23. Paygrex Technologies Private Limited Application Under Process
24. PB Pay Private Limited Application Under Process
25. Quicktouch Technologies Limited Application Under Process
26. S2 Payments and Tech Solutions Private Limited Application Under Process
27. 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 LimitedΩ 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 LimitedΩ 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 LimitedΩ 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 LimitedΩ 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 LimitedΩ 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. AGDP Fintech Private Limited New PA Application returned on 15.12.2021
27. Apexpay Technologies Private Limited New PA Application returned on 07.10.2022
28. Asian Checkout Private Limited New PA Application returned on 20.10.2022
29. BeBuoy Infoservices Private Limited New PA Application returned on 27.11.2020
30. BNY Finserv Private Limited New PA Application returned on 06.03.2024
31. Bongdeal India Private Limited New PA Application returned on 10.11.2022
32. CAMS Payment Services Private Limited New PA Application returned on 25.10.2021
33. Cash Friend Fintech Private Limited New PA Application returned on 18.10.2023
34. CGB Fintek Private Limited New PA Application returned on 12.06.2024
35. Commonwealth Inclusive Growth Services Limited New PA Application returned on 07.10.2022
36. Digidios Payments Services Private Limited New PA Application returned on 28.03.2024
37. Ditya Finance Private Limited New PA Application returned on 10.12.2021
38. E-Meditek Global Private Limited New PA Application returned on 30.09.2022
39. FintechDaddy Solutions Private Limited New PA Application returned on 18.10.2023
40. ePaisa Services Private Limited New PA Application returned on 27.07.2020
41. Eutro Agro Products Private Limited New PA Application returned on 10.11.2022
42. Gonexa Instant Payment Private Limited New PA Application returned on 21.11.2023
43. Hindon Mercantile Limited New PA Application returned on 10.01.2023
44. InCashMe Mobile Wallet Service Private Limited New PA Application returned on 30.05.2022
45. Indian Railway Catering and Tourism Corporation Limited New PA Application returned on 26.02.2021
46. Ippopay Technologies Private Limited New PA Application returned on 13.02.2023
47. Iserveu Technology Private Limited New PA Application returned on 23.09.2021
48. Kashind Financiers Limited New PA Application returned on 10.12.2021
49. Kedarpay Solutions Private Limited New PA Application returned on 12.01.2023
50. KGC Infotech Private Limited New PA Application returned on 21.11.2023
51. Kredx Platform Private Limited New PA Application returned on 07.12.2022
52. Minions Ventures Private Limited Ω New PA Application returned on 18.02.2025
53. MySwadeshi Product Private Limited New PA Application returned on 11.12.2023
54. Naffa Innovations Private Limited New PA Application returned on 13.10.2021
55. Nearby Technologies Private Limited New PA Application returned on 26.07.2022
56. Newbazaar Technologies Private Limited New PA Application returned on 10.10.2022
57. Ola Financial Services Private Limited New PA Application returned on 28.09.2022
58. Pay2ment Software Technologies Private Limited New PA Application returned on 14.01.2025
59. Paygator Fintech Private Limited New PA Application returned on 30.01.2024
60. Paygoal Business Solutions PrivateΩ New PA Application returned on 08.07.2024
61. Pay Point India Network Private Limited New PA Application returned on 28.10.2022
62. Paytekk India Private Limited New PA Application returned on 14.10.2022
63. Paytel Financial Technologies Private LimitedΩ New PA Application returned on 31.10.2023
64. Prevxee E-commerce (India) Private Limited New PA Application returned on 10.11.2022
65. Rapyd Aggregator Network India Private Limited New PA Application returned on 29.09.2021
66. Rupifi Technology Solutions Private Limited New PA Application returned on 10.11.2022
67. Safee Peee India Private Limited New PA Application returned on 10.11.2022
68. Safexpay Payments Aggregator Private Limited New PA Application returned on 22.11.2021
69. Sambhavpay Payments Solutions Private Limited New PA Application returned on 27.04.2023
70. Skilworth Technologies Private Limited New PA Application returned on 26.09.2022
71. Spay Fintech Private Limited New PA Application returned on 14.08.2023
72. Twid Rewards Global Private Limited New PA Application returned on 07.12.2022
73. Virtual Galaxy Infotech Private Limited New PA Application returned on 28.12.2020
74. V. Vang Solutions Private limited New PA Application returned on 15.05.2024
75. Wasfa Technology Private Limited New PA Application returned on 13.09.2023
76. Yalamanchili Software Exports Private Limited New PA Application returned on 29.08.2022
77. 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 Skydo Technologies Private Limited In-Principle Authorisation Granted
2 GoBrisk Technologies Private Limited In-Principle Authorisation Granted
 
3 Airpay Payment Services Private Limited Application under process
4 Boku Network Services IN Private Limited Application under process
5 Nium India Private Limited Application under process
6 PayGlocal Technologies Private Limited Application under process
7 PayPal Payments Private Limited Application under process
8 PayU Payments Private Limited Application under process
9 Razorpay Software Private Limited Application under process
10 Trade Pe Tech Private Limited Application under process
11 Wise Payments India 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 Adhishwar Nivesh Private Limited Application under process
2 Decfin Tech Private Limited Application under process
3 In-Solutions Global Limited Application under process
4 KGC Infotech Private Limited Application under process
5 Les-Amis Private Limited Application under process
6 NexG Payments Private Limited Application under process
7 NTT DATA payment services India Limited Application under process
8 Paygrex Technologies Private Limited Application under process
9 Paymate India Private Limited Application under process
10 Payoneer India Private Limited Application under process
11 PhiCommerce Private Limited Application under process
12 Pine Labs Private Limited Application under process
13 SRS Live Technologies Private Limited Application under process
14 Unlimint IN Private Limited Application under process
15 Worldline ePayments India 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. InsOnline India Private Limited Existing PA-CB Application refused on 20.03.2025
4. Pozium Ventures Private Limited Existing PA-CB Application returned on 29.07.2024
5. Quick Forex Limited New PA-CB Application returned on 07.11.2024
6. Stripe India Private LimitedΩ New PA-CB Application returned on 12.07.2024
Ω Applications were withdrawn by these entities.

Note:

i. 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.

ii. 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.

iii. List of Online Payment Aggregators and Payment Aggregators- Cross Border that have been granted Certificate of Authorisation (CoA)/ approval can be accessed at https://rbi.org.in/Scripts/PublicationsView.aspx?id=12043.

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