PDF - Status of Applications received from Payment Aggregators (PAs) under Payment and Settlement Systems Act, 2007 – As on 01.02.2026 ()
Status of Applications received from Payment Aggregators (PAs) under Payment and Settlement Systems Act, 2007 – As on 01.02.2026
Table A: Existing PAs-O which can operate as Payment Aggregators- Online
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. Paymate India Private Limited In-Principle Authorisation Granted
4. Tyche Payment Solutions Private Limited In-Principle Authorisation Granted
5. Unimoni Enterprise Solutions Private Limited * In-Principle Authorisation Granted
 
6. Freecharge Payment Technologies Private Limited * Application Under Process
7. Global Payments Asia-Pacific (India) Private Limited * Application Under Process
8. LivQuik Technology (India) Private Limited Application Under Process
 
* No new merchants to be onboarded until advised otherwise.

Table B: New PAs-Online– 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. PB Pay Private Limited In-Principle Authorisation Granted
9. Quicktouch Technologies Limited In-Principle Authorisation Granted
10. SBI Payment Services Private Limited In-Principle Authorisation Granted
11. Sodexo SVC India Private Limited In-Principle Authorisation Granted
 
12. Anoush Indo Pay Private Limited Application Under Process
13. ARM Commercial Services Private Limited Application Under Process
14. Chaseout Payments Private Limited Application Under Process
15. Dugar Finance & Investments Limited Application Under Process
16. Electronic Payment and Services Private Limited Application Under Process
17. GoKwik Commerce Solutions Private Limited Application Under Process
18. Ikeda Limited Application Under Process
19. Integra Micro Systems Private Limited Application Under Process
20. Naffa Services Private Limited Application Under Process
21. Navi Payment Technologies Private Limited Application Under Process
22. Radiant Cash Management Services Limited Application Under Process
23. Samvriddhi Inclusive Growth Network Private Limited Application Under Process

Table C: PA-Online – 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. Autope Payment Solutions Limited New PA Application returned on 13.01.2026
32. BeBuoy Infoservices Private Limited New PA Application returned on 27.11.2020
33. BNY Finserv Private Limited New PA Application returned on 12.08.2025
34. Bongdeal India Private Limited New PA Application returned on 10.11.2022
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 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. Findi India Private Limited New PA Application returned on 22.01.2026
43. FintechDaddy Solutions Private Limited New PA Application returned on 18.10.2023
44. ePaisa Services Private Limited New PA Application returned on 27.07.2020
45. Eutro Agro Products Private Limited New PA Application returned on 10.11.2022
46. Gonexa Instant Payment Private Limited New PA Application returned on 21.11.2023
47. Hindon Mercantile Limited New PA Application returned on 10.01.2023
48. InCashMe Mobile Wallet Service Private Limited New PA Application returned on 30.05.2022
49. Indian Railway Catering and Tourism Corporation Limited New PA Application returned on 26.02.2021
50. Ippopay Technologies Private Limited New PA Application returned on 13.02.2023
51. Iserveu Technology Private Limited New PA Application returned on 23.09.2021
52. Kashind Financiers Limited New PA Application returned on 10.12.2021
53. Kedarpay Solutions Private Limited New PA Application returned on 12.01.2023
54. KGC Infotech Private Limited New PA Application returned on 13.08.2025
55. Kredx Platform Private Limited New PA Application returned on 07.12.2022
56. Letzpay Solution Private Limited New PA Application returned on 20.08.2025
57. Mewt Account Private Limited New PA Application returned on 03.04.2025
58. Minions Ventures Private LimitedΩ New PA Application returned on 18.02.2025
59. Mufinpay Payment Solution Private Limited New PA Application returned on 04.07.2025
60. MySwadeshi Product Private Limited New PA Application returned on 11.12.2023
61. Naffa Innovations Private Limited New PA Application returned on 13.10.2021
62. Nearby Technologies Private Limited New PA Application returned on 26.07.2022
63. Newbazaar Technologies Private Limited New PA Application returned on 10.10.2022
64. Ola Financial Services Private Limited New PA Application returned on 28.09.2022
65. Otropay India Private Limited New PA Application returned on 20.11.2025
66. Pay2ment Software Technologies Private Limited New PA Application returned on 14.01.2025
67. Paygator Fintech Private Limited New PA Application returned on 30.01.2024
68. Paygoal Business Solutions PrivateΩ New PA Application returned on 08.07.2024
69. Paygrex Technologies Private LimitedΩ New PA Application returned on 08.12.2025
70. Pay Point India Network Private Limited New PA Application returned on 28.10.2022
71. Paytekk India Private Limited New PA Application returned on 14.10.2022
72. Paytel Financial Technologies Private LimitedΩ New PA Application returned on 31.10.2023
73. Prevxee E-commerce (India) Private Limited New PA Application returned on 10.11.2022
74. Rapyd Aggregator Network India Private Limited New PA Application returned on 29.09.2021
75. Rupifi Technology Solutions Private Limited New PA Application returned on 10.11.2022
76. S2 Payments and Tech Solutions Private Limited New PA Application refused on 27.06.2025
77. Safee Peee India Private Limited New PA Application returned on 10.11.2022
78. Safexpay Payments Aggregator Private Limited New PA Application returned on 22.11.2021
79. Sambhavpay Payments Solutions Private Limited New PA Application returned on 27.04.2023
80. Skilworth Technologies Private Limited New PA Application returned on 26.09.2022
81. Smart Payment Solutions Private Limited New PA Application returned on 14.10.2025
82. Spay Fintech Private Limited New PA Application returned on 14.08.2023
83. Twid Rewards Global Private Limited New PA Application returned on 07.12.2022
84. Virtual Galaxy Infotech Private Limited New PA Application returned on 28.12.2020
85. V. Vang Solutions Private limited New PA Application returned on 15.05.2024
86. Wasfa Technology Private Limited New PA Application returned on 13.09.2023
87. Yalamanchili Software Exports Private Limited New PA Application returned on 29.08.2022
88. 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. PayPal Payments Private Limited In-Principle Authorisation Granted
2. Trade Pe Tech Private Limited In-Principle Authorisation Granted
3. Wise Payments India Private Limited In-Principle Authorisation Granted
 
4. Nium 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. Les-Amis Private Limited In-Principle Authorisation Granted
2. Payoneer India Private Limited In-Principle Authorisation Granted
3. Xflow Payments India Private Limited In-Principle Authorisation Granted
 
4. Paymate 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. Adhishwar Nivesh Private Limited New PA-CB Application returned on 01.08.2025
2. 6Point3 Technologies Private Limited Existing PA-CB Application returned on 16.07.2024
3. Appreciate Credit Technologies India Private Limited New PA-CB Application returned on 27.08.2024
4. Decfin Tech Private Limited New PA-CB Application returned on 28.04.2025
5. InsOnline India Private Limited Existing PA-CB Application refused on 20.03.2025
6. In-Solutions Global Limited New PA-CB Application returned on 23.05.2025
7. KGC Infotech Private Limited New PA-CB Application returned on 13.08.2025
8. Letzpay Solution Private Limited New PA-CB Application returned on 20.08.2025
9. NexG Payments Private Limited New PA-CB Application returned on 01.08.2025
10. NTT DATA payment services India Limited New PA-CB Application returned on 28.04.2025
11. Paygrex Technologies Private LimitedΩ New PA-CB Application returned on 08.12.2025
12. Pozium Ventures Private Limited Existing PA-CB Application returned on 29.07.2024
13. Quick Forex Limited New PA-CB Application returned on 07.11.2024
14. SRS Live Technologies Private Limited New PA-CB Application returned on 28.04.2025
15. Stripe India Private LimitedΩ New PA-CB Application returned on 12.07.2024
Ω Applications were withdrawn by these entities.

Table G: Existing PAs-P which can operate as Payment Aggregator- Physical
Sr No. Name of the entity Remarks
1. Alliance Network India Private Limited Application under process
2. Digitsecure India Private limited Application under process
3. Innopay Technologies Private Limited Application under process
4. IServeU Payment Services Private Limited Application under process
5. Nearby Technologies Private Limited Application under process
6. One MobiKwik Systems Limited Application under process
7. Payswiff Technologies Private Limited Application under process
8. Resilient Innovations Private Limited Application under process
9. RNFI Services Limited Application under process
10. Skilworth Technologies Private Limited Application under process
11. Spice Money Limited Application under process

Table H: New PAs-P– Applications which are currently under process – Cannot operate
Sr No. Name of the entity Remarks
1. Ippopay Technologies Private Limited Application under process
2. Kamaal Universe Private Limited Application under process
3. PayPoint India Network Private Limited Application under process
4. Radiant Cash Management Services Limited Application under process

Note:

i. List of Payment Aggregators that have been granted Certificate of Authorisation (CoA) can be accessed at https://rbi.org.in/Scripts/PublicationsView.aspx?id=12043

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.