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Status of Applications received from Online Payment Aggregators (PAs) under Payment and Settlement Systems Act, 2007 – As on November 16, 2023
Table A: Existing PAs who can operate as Online Payment Aggregators
Sr No. Name of the entity Remarks
1. 1Pay Mobileware Private Limited In-Principle Authorisation Granted
2. Adyen India Technology Services Private Limited In-Principle Authorisation Granted
3. Airpay Payment Services Private Limited In-Principle Authorisation Granted
4. Amazon (Pay) India Private Limited In-Principle Authorisation Granted
5. Cashfree Payments India Private Limited * In-Principle Authorisation Granted
6. Computer Age Management Services Limited In-Principle Authorisation Granted
7. Digiotech Solutions Private Limited In-Principle Authorisation Granted
8. Easebuzz Private Limited In-Principle Authorisation Granted
9. Finlogic Technologies India Private Limited In-Principle Authorisation Granted
10. Futuretek Commerce Private Limited In-Principle Authorisation Granted
11. Google India Digital Services Private Limited In-Principle Authorisation Granted
12. Hiveloop Internet Private Limited In-Principle Authorisation Granted
13. IndiaIdeas.com Limited In-Principle Authorisation Granted
14. Infibeam Avenues Limited In-Principle Authorisation Granted
15. Innoviti Payment Solutions Private Limited In-Principle Authorisation Granted
16. In-Solutions Global Limited In-Principle Authorisation Granted
17. Lyra Network Private Limited In-Principle Authorisation Granted
18. Mpurse Services Private Limited In-Principle Authorisation Granted
19. NSDL Database Management Limited In-Principle Authorisation Granted
20. NTT DATA Payment Services India Limited In-Principle Authorisation Granted
21. Open Financial Technologies Private Limited In-Principle Authorisation Granted
22. Paymate India Private Limited In-Principle Authorisation Granted
23. Paysharp Private Limited In-Principle Authorisation Granted
24. Phi Commerce Private Limited In-Principle Authorisation Granted
25. PhonePe Private Limited In-Principle Authorisation Granted
26. Pine Labs Private Limited In-Principle Authorisation Granted
27. Razorpay Software Private Limited * In-Principle Authorisation Granted
28. Reliance Payment Solutions Limited In-Principle Authorisation Granted
29. SRS Live Technologies Private Limited In-Principle Authorisation Granted
30. Stripe India Private Limited In-Principle Authorisation Granted
31. Tyche Payment Solutions Private Limited In-Principle Authorisation Granted
32. Unimoni Enterprise Solutions Private Limited * In-Principle Authorisation Granted
33. Vay Network Services Private Limited In-Principle Authorisation Granted
34. Worldline ePayments India Private Limited In-Principle Authorisation Granted
35. Xsilica Software Solutions Private Limited In-Principle Authorisation Granted
36. Zaak Epayment Services Private Limited In-Principle Authorisation Granted
37. Zomato Payments Private Limited In-Principle Authorisation Granted
 
38. Bhartipay Services Private Limited * Application Under Process
39. Dreamplug Paytech Solutions Private Limited Application Under Process
40. Freecharge Payment Technologies Private Limited * Application Under Process
41. Global Payments Asia-Pacific (India) Private Limited * Application Under Process
42. LivQuik Technology (India) Private Limited Application Under Process
43. Nomisma Mobile Solutions Private Limited Application Under Process
44. PayU Payments Private Limited * Application Under Process
45. Tapits Technologies Private Limited * Application Under Process
 
46. PayTM Payments Services Limited @ Application returned on 25.11.2022
* No new merchants to be onboarded until advised otherwise.
@ Was permitted to apply within 120 days from the date of return. Has since been granted extension to apply subject to the condition that no new merchants should be onboarded until advised otherwise.

Table B: New PAs who have been granted in-principle authorisation and whose application is currently under process – Cannot operate
Sr No. Name of the entity Remarks
1. Aurionpro Payment Solutions Private Limited In-Principle Authorisation Granted
2. Boku Network Services IN Private Limited In-Principle Authorisation Granted
3. Concerto Software & Systems Private Limited In-Principle Authorisation Granted
4. Decfin Tech Private Limited In-Principle Authorisation Granted
5. Finacus Solutions Private Limited In-Principle Authorisation Granted
6. Fourth Dimension Solutions Limited In-Principle Authorisation Granted
7. Groww Pay Services Private Limited In-Principle Authorisation Granted
8. Hitachi Payment Services Private Limited In-Principle Authorisation Granted
9. Instanow Info Systems Private Limited In-Principle Authorisation Granted
10. Juspay Technologies Private Limited In-Principle Authorisation Granted
11. Khatabook Technologies Private Limited In-Principle Authorisation Granted
12. MMAD Communications Private Limited In-Principle Authorisation Granted
13. Mswipe Technologies Private Limited In-Principle Authorisation Granted
14. Nehat Tech Solutions Private Limited In-Principle Authorisation Granted
15. Payglocal Technologies Private Limited In-Principle Authorisation Granted
16. Payment Gateway Solutions Private Limited In-Principle Authorisation Granted
17. R360 Payment Services Private Limited In-Principle Authorisation Granted
18. Resilient Payments Private Limited In-Principle Authorisation Granted
19. Sodexo SVC India Private Limited In-Principle Authorisation Granted
20. Tata Payments Limited In-Principle Authorisation Granted
21. Toucan Payments (India) Private Limited In-Principle Authorisation Granted
22. Transaction Analysts (India) Private Limited In-Principle Authorisation Granted
23. Unlimint In Private Limited In-Principle Authorisation Granted
24. Zoho Payment Technologies Private Limited In-Principle Authorisation Granted
 
25. Digidios Payments Services Private Limited Application Under Process
26. First Data (India) Private Limited Application Under Process
27. GoKwik Commerce Solutions Private Limited Application Under Process
28. Gonexa Instant Payment Private Limited Application Under Process
29. Integra Micro Systems Private Limited Application Under Process
30. KGC Infotech Private Limited Application Under Process
31. Minions Ventures Private Limited Application Under Process
32. MySwadeshi Product Private Limited Application Under Process
33. Nium India Private Limited Application Under Process
34. Paygoal Business Solutions Private Limited Application Under Process
35. SBI Payment Services Private Limited Application Under Process
36. Smart Payment Solutions Private Limited Application Under Process
37. S2 Payments & Tech Solutions Pvt. Ltd. Application Under Process
38. V Vang Solutions Private Limited Application Under Process

Table C: List of PAs whose applications 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. Appnit Technologies Private Limited Existing PA Application returned on 24.03.2023
4. BrokenTusk Technologies Private Limited Existing PA Application returned on 07.10.2022
5. Dinero Payment Services Private Limited Existing PA Application refused on April 18, 2023
6. Ezetap Mobile Solutions Private Limited Existing PA Application returned on 10.10.2022
7. Flexmoney Technologies Private Limited Existing PA Application returned on 17.10.2022
8. fonePaisa Payment Solutions Private Limited Existing PA Application returned on 10.10.2022
9. FSS Grameenpay Private Limited Existing PA Application returned on 02.02.2022
10. Golden Legand Leasing and Finance Limited Existing PA Application returned on 20.01.2023
11. INSOnline India Private Limited Existing PA Application returned on 28.02.2023
12. Instamojo Technologies Private Limited Existing PA Application returned on 27.09.2023
13. Kopayments Private Limited Existing PA Application returned on 29.12.2022
14. Letzpay Solution Private Limited Existing PA Application returned on 08.05.2023
15. Marg Fintech Private Limited Existing PA Application returned on 29.03.2023
16. Paygate India Private Limited Existing PA Application refused on April 18, 2023
17. Paykun Payment Solutions Private Limited Existing PA Application returned on 02.02.2022
18. Payswiff Solutions Private Limited Existing PA Application returned on 19.10.2022
19. Senrysa Technologies Private Limited Existing PA Application returned on 28.02.2023
20. Synergistic Financial Networks Private Limited Existing PA Application returned on 07.10.2022
21. Vmobo Mobile Private Limited Existing PA Application returned on 08.12.2021
22. Volks Electronics Private Limited Existing PA Application returned on 03.12.2021
23. Worldline India Private Limited Existing PA Application returned on 28.09.2022
24. Wunderbaked Technologies Private Limited Existing PA Application returned on 20.01.2023
25. Zenex E-Commerce Private Limited Existing PA Application returned on 03.12.2021
 
26. Aceware Fintech Services Private Limited New PA Application returned on 29.11.2022
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. 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. Commonwealth Inclusive Growth Services Limited New PA Application returned on 07.10.2022
35. Ditya Finance Private Limited New PA Application returned on 10.12.2021
36. E-Meditek Global Private Limited New PA Application returned on 30.09.2022
37. FintechDaddy Solutions Private Limited New PA Application returned on 18.10.2023
38. ePaisa Services Private Limited New PA Application returned on 27.07.2020
39. Eutro Agro Products Private Limited New PA Application returned on 10.11.2022
40. Hindon Mercantile Limited New PA Application returned on 10.01.2023
41. InCashMe Mobile Wallet Service Private Limited New PA Application returned on 30.05.2022
42. Indian Railway Catering and Tourism Corporation Limited New PA Application returned on 26.02.2021
43. Ippopay Technologies Private Limited New PA Application returned on 13.02.2023
44. Iserveu Technology Private Limited New PA Application returned on 23.09.2021
45. Kashind Financiers Limited New PA Application returned on 10.12.2021
46. Kedarpay Solutions Private Limited New PA Application returned on 12.01.2023
47. Kredx Platform Private Limited New PA Application returned on 07.12.2022
48. Naffa Innovations Private Limited New PA Application returned on 13.10.2021
49. Nearby Technologies Private Limited New PA Application returned on 26.07.2022
50. Newbazaar Technologies Private Limited New PA Application returned on 10.10.2022
51. Ola Financial Services Private Limited New PA Application returned on 28.09.2022
52. Pay Point India Network Private Limited New PA Application returned on 28.10.2022
53. Paytekk India Private Limited New PA Application returned on 14.10.2022
54. Paytel Financial Technologies Private Limited New PA Application returned on 31.10.2023
55. Prevxee E-commerce (India) Private Limited New PA Application returned on 10.11.2022
56. Quicktouch Technology Limited New PA Application returned on 24.08.2023
57. Rapyd Aggregator Network India Private Limited New PA Application returned on 29.09.2021
58. Rupifi Technology Solutions Private Limited New PA Application returned on 10.11.2022
59. Safee Peee India Private Limited New PA Application returned on 10.11.2022
60. Safexpay Payments Aggregator Private Limited New PA Application returned on 22.11.2021
61. Sambhavpay Payments Solutions Private Limited New PA Application returned on 27.04.2023
62. Skilworth Technologies Private Limited New PA Application returned on 26.09.2022
63. Spay Fintech Private Limited New PA Application returned on 14.08.2023
64. Twid Rewards Global Private Limited New PA Application returned on 07.12.2022
65. Virtual Galaxy Infotech Private Limited New PA Application returned on 28.12.2020
66. Wasfa Technology Private Limited New PA Application returned on 13.09.2023
67. Yalamanchili Software Exports Private Limited New PA Application returned on 29.08.2022
68. Zhudao Infotech Private Limited New PA Application returned on 06.01.2023
Ω Applications were withdrawn by these entities.

Note:

i. Grant of ‘in-principle’ authorisation shall not be construed as authorisation unless the entity is granted ‘authorisation’ under Section 7 of the Payment and Settlement Systems Act, 2007. For the purpose of ‘authorisation’, the entity shall have to submit to RBI a System Audit Report (SAR) along with certificate from a Chartered Accountant regarding compliance with the net worth requirement. The entities must also have to comply with other requirements under the Guidelines and fulfil additional conditions, if any, stipulated by RBI.

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.


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