PDF - Status of Applications received under Payment and Settlement Systems Act, 2007 – As on 01.08.2026 ()
Status of Applications received under Payment and Settlement Systems Act, 2007 – As on 01.08.2026

I. Status of Applications received from Payment Aggregators (PAs) under Payment and Settlement Systems Act, 2007 – As on 01.08.2026

Table A: Existing PAs-O which can operate as Payment Aggregators- Online
Sr No. Name of the entity Remarks
1. Mpurse Services Private Limited In-Principle Authorisation Granted
2. Paymate India Private Limited In-Principle Authorisation Granted
 
3. Freecharge Payment Technologies Private Limited Application Under Process
4. Global Payments Asia-Pacific (India) Private Limited * Application Under Process
5. 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. Electronic Payment and Services Private Limited In-Principle Authorisation Granted
4. Euronet Services India Private Limited In-Principle Authorisation Granted
5. IRCTC Payments Limited In-Principle Authorisation Granted
6. Navi Payment Technologies Private Limited In-Principle Authorisation Granted
7. Nium India Private 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. Integra Micro Systems Private Limited Application Under Process
11. Otropay India Private Limited Application Under Process
12. Samvriddhi Inclusive Growth Network Private Limited Application Under Process
13. Yudiz Solutions 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Table C: PA-Online – Applications which were returned / withdrawn / refused- Cannot operate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. Tyche Payment Solutions Private Limited Existing PA Application refused on 17.03.2026
21. Unimoni Enterprise Solutions Private LimitedΩ Existing PA Application returned on 23.03.2026
22. Vmobo Mobile Private Limited Existing PA Application returned on 08.12.2021
23. Volks Electronics Private Limited Existing PA Application returned on 03.12.2021
24. Worldline India Private LimitedΩ Existing PA Application returned on 28.09.2022
25. Wunderbaked Technologies Private Limited Existing PA Application returned on 20.01.2023
26. Zenex E-Commerce Private Limited Existing PA Application returned on 03.12.2021
 
27. Aceware Fintech Services Private Limited New PA Application returned on 29.11.2022
28. Adhishwar Nivesh Private Limited New PA Application returned on 01.08.2025
29. Aditya Birla Capital Digital Limited New PA Application returned on 15.04.2025
30. AGDP Fintech Private Limited New PA Application returned on 15.12.2021
31. Anoush Indo Pay Private Limited New PA Application returned on 23.07.2026
32. Apexpay Technologies Private Limited New PA Application returned on 07.10.2022
33. ARM Commercial Services Private Limited New PA Application returned on 24.04.2026
34. Asian Checkout Private Limited New PA Application returned on 20.10.2022
35. Autope Payment Solutions Limited New PA Application returned on 13.01.2026
36. BeBuoy Infoservices Private Limited New PA Application returned on 27.11.2020
37. BNY Finserv Private Limited New PA Application returned on 12.08.2025
38. Bongdeal India Private Limited New PA Application returned on 10.11.2022
39. Cash Friend Fintech Private Limited New PA Application returned on 18.10.2023
40. CGB Fintek Private Limited New PA Application returned on 12.06.2024
41. Chaseout Payments Private Limited New PA Application refused on 23.04.2026
42. Commonwealth Inclusive Growth Services Limited New PA Application returned on 07.10.2022
43. Digidios Payments Services Private New PA Application returned on 11.08.2025
44. Ditya Finance Private Limited New PA Application returned on 10.12.2021
45. Dugar Finance & Investments Limited New PA Application returned on 21.07.2025 and 02.02.2026
46. E-Meditek Global Private Limited New PA Application returned on 30.09.2022
47. Findi India Private Limited New PA Application returned on 22.01.2026
48. FintechDaddy Solutions Private Limited New PA Application returned on 18.10.2023
49. ePaisa Services Private Limited New PA Application returned on 27.07.2020
50. Eutro Agro Products Private Limited New PA Application returned on 10.11.2022
51. GoKwik Commerce Solutions Private New PA Application refused on 04.05.2026
52. Gonexa Instant Payment Private Limited New PA Application returned on 21.11.2023
53. Hindon Mercantile Limited New PA Application returned on 10.01.2023
54. Ikeda LimitedΩ New PA Application returned on 16.03.2026
55. InCashMe Mobile Wallet Service Private Limited New PA Application returned on 30.05.2022
56. Indian Railway Catering and Tourism Corporation Limited New PA Application returned on 26.02.2021
57. Ippopay Technologies Private Limited New PA Application returned on 13.02.2023
58. Iserveu Technology Private Limited New PA Application returned on 23.09.2021
59. Kashind Financiers Limited New PA Application returned on 10.12.2021
60. Kedarpay Solutions Private Limited New PA Application returned on 12.01.2023
61. KGC Infotech Private Limited New PA Application returned on 13.08.2025
62. Kredx Platform Private Limited New PA Application returned on 07.12.2022
63. Letzpay Solution Private Limited New PA Application returned on 20.08.2025
64. Mewt Account Private Limited New PA Application returned on 03.04.2025
65. Minions Ventures Private LimitedΩ New PA Application returned on 18.02.2025
66. Mufinpay Payment Solution Private Limited New PA Application returned on 04.07.2025
67. MySwadeshi Product Private Limited New PA Application returned on 11.12.2023
68. Naffa Innovations Private Limited New PA Application returned on 13.10.2021
69. Nearby Technologies Private Limited New PA Application returned on 26.07.2022
70. Newbazaar Technologies Private Limited New PA Application returned on 10.10.2022
71. Ola Financial Services Private Limited New PA Application returned on 28.09.2022
72. Otropay India Private Limited New PA Application returned on 20.11.2025
73. Pay2ment Software Technologies Private Limited New PA Application returned on 14.06.2024, 14.01.2025 and 24.06.2026
74. Paygator Fintech Private Limited New PA Application returned on 30.01.2024
75. Paygoal Business Solutions PrivateΩ New PA Application returned on 08.07.2024
76. Paygrex Technologies Private LimitedΩ New PA Application returned on 08.12.2025
77. Pay Point India Network Private Limited New PA Application returned on 28.10.2022
78. Paytekk India Private Limited New PA Application returned on 14.10.2022
79. Paytel Financial Technologies Private LimitedΩ New PA Application returned on 31.10.2023
80. Prevxee E-commerce (India) Private Limited New PA Application returned on 10.11.2022
81. Quicktouch Technologies Limited New PA Application refused on 11.03.2026
82. Radiant Cash Management Services New PA Application returned on 02.04.2026
83. Rapyd Aggregator Network India Private Limited New PA Application returned on 29.09.2021
84. Rupifi Technology Solutions Private Limited New PA Application returned on 10.11.2022
85. S2 Payments and Tech Solutions Private Limited New PA Application refused on 27.06.2025
86. Safee Peee India Private Limited New PA Application returned on 10.11.2022
87. Safexpay Payments Aggregator Private Limited New PA Application returned on 22.11.2021
88. Sambhavpay Payments Solutions Private Limited New PA Application returned on 27.04.2023
89. Samvriddhi Inclusive Growth Network Private Limited New PA Application returned on 01.07.2026
90. Skilworth Technologies Private Limited New PA Application returned on 26.09.2022
91. Smart Payment Solutions Private Limited New PA Application returned on 14.10.2025
92. Spay Fintech Private Limited New PA Application returned on 14.08.2023
93. Touras India Private Limited New PA Application returned on 22.07.2026
94. Twid Rewards Global Private Limited New PA Application returned on 07.12.2022
95. Virtual Galaxy Infotech Limited New PA Application returned on 03.06.2026
96. Virtual Galaxy Infotech Private Limited New PA Application returned on 28.12.2020
97. V. Vang Solutions Private limited New PA Application returned on 15.05.2024
98. Wasfa Technology Private Limited New PA Application returned on 13.09.2023
99. Yalamanchili Software Exports Private Limited New PA Application returned on 29.08.2022
100. 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. 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. Payoneer India Private Limited In-Principle Authorisation Granted
 
2. Alt Pay Technologies Private Limited Application under process
3. ARM Commercial Services Private Limited Application under process
4. Paymate India Private Limited Application under process
5. Quick Forex 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. One MobiKwik Systems Limited In-Principle Authorisation Granted
 
2. Alliance Network India Private Limited Application under process
3. Digitsecure India Private limited Application under process
4. Nearby Technologies Private Limited Application under process
5. Payswiff Technologies Private Limited Application under process
6. Resilient Innovations Private Limited Application under process
7. RNFI Services Limited Application under process
8. Skilworth Technologies Private Limited Application under process
9. 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. Kamaal Universe Private Limited Application under process

Table I: PAs-P- Applications which were returned / withdrawn / refused- Cannot operate
Sr No. Name of the entity Whether Existing PA / New PA Remarks
1. Innopay Technologies Private LimitedΩ Existing PA-P Application returned on 08.05.2026
2. IServeU Payment Services Private Limited Existing PA-P Application returned on 15.05.2026
 
3. Ippopay Technologies Private Limited New PA-P Application returned on 17.03.2026
4. Radiant Cash Management Services New PA-P Application returned on 02.04.2026
5. PayPoint India Network Private Limited New PA-P Application returned on 20.04.2026
Ω Application was withdrawn by this entity.

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.

II. Status of Applications seeking authorisation to operate as Prepaid Payment Instrument (PPI) Issuer under Payment and Settlement Systems Act, 2007 – As on 01.08.2026

Table A: PPI Issuer - Applications which have been granted in-principle authorisation / applications which are currently under process – Cannot operate

S.No. Name of the entity Remarks
1. Integra Micro Systems Private Limited In-Principle Authorisation Granted
2. Nium India Private Limited In-Principle Authorisation Granted
3. Resilient Innovations Private Limited In-Principle Authorisation Granted
 
4. Andpayments Private Limited Application Under Process
5. Bharuwa Solutions Private Limited Application Under Process
6. Easebuzz Private Limited Application Under Process
7. EQX Analytics Private Limited Application Under Process
8. Naffa Services Private Limited Application Under Process
9. PayGlocal Technologies Private Limited Application Under Process
10. Paytm Payments Services Limited Application Under Process
11. Regency Fincorp Limited Application Under Process
12. Samvriddhi Inclusive Growth Network Private Limited Application Under Process
13. Tide Platform Private Limited Application Under Process
14. Toucan Payments (India) Private Limited Application Under Process
15. WTEX Fintech Private Limited Application Under Process
16. Yalamanchili Software Exports Private Limited Application Under Process

Table B: PPI Issuer - Applications which were returned / withdrawn / refused since April 01, 2026- Cannot operate

Sr No. Name of the entity Remarks
1. Dotnova Aitech Private Limited Application returned on 14.05.2026
2. Dreamcap Management Private LimitedΩ Application returned on 31.07.2026
3. Haoda Payment Solutions Private Limited Application returned on 08.06.2026
4. Paymint Fintech Private Limited Application returned on 14.05.2026
5. UltraEdge Finance Private Limited Application returned on 24.04.2026
6. Virtual Galaxy Infotech Limited Application returned on 03.06.2026

Ω Application was withdrawn by this entity.

III. Status of Other Applications seeking authorisation under Payment and Settlement Systems Act, 2007 – As on 01.08.2026

Table A: Other applications which have been granted in-principle authorisation / applications which are currently under process – Cannot operate

Sr No. Name of the entity Payment System Operator Remarks
1. Finmen Invoice Solutions Private Limited Trade Receivables Discounting System (TReDS) Application Under Process
2. LEI International Private Limited Legal Entity Identifier (LEI) Issuer Application Under Process
3. MSTC Limited Trade Receivables Discounting System (TReDS) Application Under Process

Table B: Other applications which were returned / withdrawn / refused since April 01, 2026- Cannot operate

Sr No. Name of the entity Payment System Operator Remarks
1. Euronet Services India Private LimitedΩ White Label ATM (WLA) Operator Application returned on 10.04.2026
Ω Application was withdrawn by this entity.