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Status of Applications received from Online Payment Aggregators (PAs) under Payment and Settlement Systems Act, 2007 – As on May 16, 2024
Table A: Existing PAs who can operate as Online Payment Aggregators
Sr No. Name of the entity Remarks
1. Adyen India Technology Services Private Limited In-Principle Authorisation Granted
2. Airpay Payment Services Private Limited In-Principle Authorisation Granted
3. Bhartipay Services Private Limited In-Principle Authorisation Granted
4. Dreamplug Paytech Solutions Private Limited In-Principle Authorisation Granted
5. Easebuzz Private Limited In-Principle Authorisation Granted
6. Finlogic Technologies India Private Limited In-Principle Authorisation Granted
7. Futuretek Commerce Private Limited In-Principle Authorisation Granted
8. Hiveloop Internet Private Limited In-Principle Authorisation Granted
9. IndiaIdeas.com Limited In-Principle Authorisation Granted
10. In-Solutions Global Limited In-Principle Authorisation Granted
11. Lyra Network Private Limited In-Principle Authorisation Granted
12. Mpurse Services Private Limited In-Principle Authorisation Granted
13. Nomisma Mobile Solutions Private Limited In-Principle Authorisation Granted
14. NSDL Database Management Limited In-Principle Authorisation Granted
15. NTT DATA Payment Services India Limited In-Principle Authorisation Granted
16. Paymate India Private Limited In-Principle Authorisation Granted
17. Paysharp Private Limited In-Principle Authorisation Granted
18. PayU Payments Private Limited In-Principle Authorisation Granted
19. Phi Commerce Private Limited In-Principle Authorisation Granted
20. PhonePe Private Limited In-Principle Authorisation Granted
21. Pine Labs Private Limited In-Principle Authorisation Granted
22. Reliance Payment Solutions Limited In-Principle Authorisation Granted
23. SRS Live Technologies Private Limited In-Principle Authorisation Granted
24. Tyche Payment Solutions Private Limited In-Principle Authorisation Granted
25. Unimoni Enterprise Solutions Private Limited * In-Principle Authorisation Granted
26. Vay Network Services Private Limited In-Principle Authorisation Granted
27. Xsilica Software Solutions Private Limited In-Principle Authorisation Granted
28. Zaak Epayment Services Private Limited In-Principle Authorisation Granted
 
29. Freecharge Payment Technologies Private Limited * Application Under Process
30. Global Payments Asia-Pacific (India) Private Limited * Application Under Process
31. LivQuik Technology (India) Private Limited Application Under Process
32. Tapits Technologies Private Limited * Application Under Process
 
33. 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. Hitachi Payment Services 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. MMAD Communications Private Limited In-Principle Authorisation Granted
6. Nium India Private Limited In-Principle Authorisation Granted
7. Payglocal Technologies Private Limited In-Principle Authorisation Granted
8. Resilient Payments Private Limited In-Principle Authorisation Granted
9. SBI Payment Services Private Limited In-Principle Authorisation Granted
10. Sodexo SVC India Private Limited In-Principle Authorisation Granted
11. Transaction Analysts (India) Private Limited In-Principle Authorisation Granted
 
12. CGB Fintek Private Limited Application Under Process
13. Electronic Payment and Services Private Limited Application Under Process
14. First Data (India) Private Limited Application Under Process
15. GoKwik Commerce Solutions Private Limited Application Under Process
16. Integra Micro Systems Private Limited Application Under Process
17. Mewt Account Private Limited Application Under Process
18. Minions Ventures Private Limited Application Under Process
19. Pay2ment Software Technologies Private Limited Application Under Process
20. Paygoal Business Solutions Private Limited Application Under Process
21. Quicktouch Technologies Limited Application Under Process
22. S2 Payments and Tech Solutions Private Limited Application Under Process
23. Smart Payment 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. BNY Finserv Private Limited New PA Application returned on 06.03.2024
32. Bongdeal India Private Limited New PA Application returned on 10.11.2022
33. CAMS Payment Services Private Limited New PA Application returned on 25.10.2021
34. Cash Friend Fintech Private Limited New PA Application returned on 18.10.2023
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. MySwadeshi Product Private Limited New PA Application returned on 11.12.2023
53. Naffa Innovations Private Limited New PA Application returned on 13.10.2021
54. Nearby Technologies Private Limited New PA Application returned on 26.07.2022
55. Newbazaar Technologies Private Limited New PA Application returned on 10.10.2022
56. Ola Financial Services Private Limited New PA Application returned on 28.09.2022
57. Paygator Fintech Private Limited New PA Application returned on 30.01.2024
58. Pay Point India Network Private Limited New PA Application returned on 28.10.2022
59. Paytekk India Private Limited New PA Application returned on 14.10.2022
60. Paytel Financial Technologies Private Limited New PA Application returned on 31.10.2023
61. Prevxee E-commerce (India) Private Limited New PA Application returned on 10.11.2022
62. Rapyd Aggregator Network India Private Limited New PA Application returned on 29.09.2021
63. Rupifi Technology Solutions Private Limited New PA Application returned on 10.11.2022
64. Safee Peee India Private Limited New PA Application returned on 10.11.2022
65. Safexpay Payments Aggregator Private Limited New PA Application returned on 22.11.2021
66. Sambhavpay Payments Solutions Private Limited New PA Application returned on 27.04.2023
67. Skilworth Technologies Private Limited New PA Application returned on 26.09.2022
68. Spay Fintech Private Limited New PA Application returned on 14.08.2023
69. Twid Rewards Global Private Limited New PA Application returned on 07.12.2022
70. Virtual Galaxy Infotech Private Limited New PA Application returned on 28.12.2020
71. V. Vang Solutions Private limited New PA Application returned on 15.05.2024
72. Wasfa Technology Private Limited New PA Application returned on 13.09.2023
73. Yalamanchili Software Exports Private Limited New PA Application returned on 29.08.2022
74. 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.

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


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