| 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. | Aditya Birla Capital Digital Limited | In-Principle Authorisation Granted |
| 2. | Appnit Technologies Private Limited | In-Principle Authorisation Granted |
| 3. | Aurus Paytech Private Limited | In-Principle Authorisation Granted |
| 4. | Euronet Services India Private Limited | In-Principle Authorisation Granted |
| 5. | Nium India Private Limited | In-Principle Authorisation Granted |
| 6. | I Money Pay Private Limited | In-Principle Authorisation Granted |
| 7. | IRCTC Payments Limited | In-Principle Authorisation Granted |
| 8. | Omniware Technologies Private Limited | In-Principle Authorisation Granted |
| 9. | PB Pay Private Limited | In-Principle Authorisation Granted |
| 10. | Quicktouch Technologies Limited | In-Principle Authorisation Granted |
| 11. | SBI Payment Services Private Limited | In-Principle Authorisation Granted |
| 12. | Sodexo SVC India Private Limited | In-Principle Authorisation Granted |
| |
| 13. | Anoush Indo Pay Private Limited | Application Under Process |
| 14. | Autope Payment Solutions Limited | Application Under Process |
| 15. | Chaseout Payments 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. | Naffa Services Private Limited | Application Under Process |
| 22. | Paygrex Technologies 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| Table C: Online PA – Applications which were returned / withdrawn / refused- Cannot operate |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. | Adhishwar Nivesh Private Limited | New PA | Application returned on 01.08.2025 |
| 27. | Aditya Birla Capital Digital Limited | New PA | Application returned on 15.04.2025 |
| 28. | AGDP Fintech Private Limited | New PA | Application returned on 15.12.2021 |
| 29. | Apexpay Technologies Private Limited | New PA | Application returned on 07.10.2022 |
| 30. | Asian Checkout Private Limited | New PA | Application returned on 20.10.2022 |
| 31. | BeBuoy Infoservices Private Limited | New PA | Application returned on 27.11.2020 |
| 32. | BNY Finserv Private Limited | New PA | Application returned on 12.08.2025 |
| 33. | Bongdeal India Private Limited | New PA | Application returned on 10.11.2022 |
| 34. | CAMS Payment Services Private Limited | New PA | Application returned on 25.10.2021 |
| 35. | Cash Friend Fintech Private Limited | New PA | Application returned on 18.10.2023 |
| 36. | CGB Fintek Private Limited | New PA | Application returned on 12.06.2024 |
| 37. | Commonwealth Inclusive Growth Services Limited | New PA | Application returned on 07.10.2022 |
| 38. | Digidios Payments Services Private Limited | New PA | Application returned on 11.08.2025 |
| 39. | Ditya Finance Private Limited | New PA | Application returned on 10.12.2021 |
| 40. | Dugar Finance & Investments Limited | New PA | Application returned on 21.07.2025 |
| 41. | E-Meditek Global Private Limited | New PA | Application returned on 30.09.2022 |
| 42. | FintechDaddy Solutions Private Limited | New PA | Application returned on 18.10.2023 |
| 43. | ePaisa Services Private Limited | New PA | Application returned on 27.07.2020 |
| 44. | Eutro Agro Products Private Limited | New PA | Application returned on 10.11.2022 |
| 45. | Gonexa Instant Payment Private Limited | New PA | Application returned on 21.11.2023 |
| 46. | Hindon Mercantile Limited | New PA | Application returned on 10.01.2023 |
| 47. | InCashMe Mobile Wallet Service Private Limited | New PA | Application returned on 30.05.2022 |
| 48. | Indian Railway Catering and Tourism Corporation Limited | New PA | Application returned on 26.02.2021 |
| 49. | Ippopay Technologies Private Limited | New PA | Application returned on 13.02.2023 |
| 50. | Iserveu Technology Private Limited | New PA | Application returned on 23.09.2021 |
| 51. | Kashind Financiers Limited | New PA | Application returned on 10.12.2021 |
| 52. | Kedarpay Solutions Private Limited | New PA | Application returned on 12.01.2023 |
| 53. | KGC Infotech Private Limited | New PA | Application returned on 13.08.2025 |
| 54. | Kredx Platform Private Limited | New PA | Application returned on 07.12.2022 |
| 55. | Letzpay Solution Private Limited | New PA | Application returned on 20.08.2025 |
| 56. | Mewt Account Private Limited | New PA | Application returned on 03.04.2025 |
| 57. | Minions Ventures Private Limited Ω | New PA | Application returned on 18.02.2025 |
| 58. | Mufinpay Payment Solution Private Limited | New PA | Application returned on 04.07.2025 |
| 59. | MySwadeshi Product Private Limited | New PA | Application returned on 11.12.2023 |
| 60. | Naffa Innovations Private Limited | New PA | Application returned on 13.10.2021 |
| 61. | Nearby Technologies Private Limited | New PA | Application returned on 26.07.2022 |
| 62. | Newbazaar Technologies Private Limited | New PA | Application returned on 10.10.2022 |
| 63. | Ola Financial Services Private Limited | New PA | Application returned on 28.09.2022 |
| 64. | Otropay India Private Limited | New PA | Application returned on 20.11.2025 |
| 65. | Pay2ment Software Technologies Private Limited | New PA | Application returned on 14.01.2025 |
| 66. | Paygator Fintech Private Limited | New PA | Application returned on 30.01.2024 |
| 67. | Paygoal Business Solutions PrivateΩ | New PA | Application returned on 08.07.2024 |
| 68. | Pay Point India Network Private Limited | New PA | Application returned on 28.10.2022 |
| 69. | Paytekk India Private Limited | New PA | Application returned on 14.10.2022 |
| 70. | Paytel Financial Technologies Private LimitedΩ | New PA | Application returned on 31.10.2023 |
| 71. | Prevxee E-commerce (India) Private Limited | New PA | Application returned on 10.11.2022 |
| 72. | Rapyd Aggregator Network India Private Limited | New PA | Application returned on 29.09.2021 |
| 73. | Rupifi Technology Solutions Private Limited | New PA | Application returned on 10.11.2022 |
| 74. | S2 Payments and Tech Solutions Private Limited | New PA | Application refused on 27.06.2025 |
| 75. | Safee Peee India Private Limited | New PA | Application returned on 10.11.2022 |
| 76. | Safexpay Payments Aggregator Private Limited | New PA | Application returned on 22.11.2021 |
| 77. | Sambhavpay Payments Solutions Private Limited | New PA | Application returned on 27.04.2023 |
| 78. | Skilworth Technologies Private Limited | New PA | Application returned on 26.09.2022 |
| 79. | Smart Payment Solutions Private Limited | New PA | Application returned on 14.10.2025 |
| 80. | Spay Fintech Private Limited | New PA | Application returned on 14.08.2023 |
| 81. | Twid Rewards Global Private Limited | New PA | Application returned on 07.12.2022 |
| 82. | Virtual Galaxy Infotech Private Limited | New PA | Application returned on 28.12.2020 |
| 83. | V. Vang Solutions Private limited | New PA | Application returned on 15.05.2024 |
| 84. | Wasfa Technology Private Limited | New PA | Application returned on 13.09.2023 |
| 85. | Yalamanchili Software Exports Private Limited | New PA | Application returned on 29.08.2022 |
| 86. | Zhudao Infotech Private Limited | New PA | Application returned on 06.01.2023 |
| Ω Applications were withdrawn by these entities. |
ii. While existing PAs (that have applied for authorisation within the stipulated timelines) can continue business unless advised otherwise by the Reserve Bank of India, new PAs 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.