Are you considering venturing into the fast-growing fintech industry in India? There’s nothing better than starting as a payment aggregator in a growing cashless economy. Take Corpbiz’s expert assistance and secure a payment aggregator license in India.
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An online payment aggregator license is a framework that enables payment aggregators to act as intermediaries, bridging the gap between consumers and merchants through the acceptance of payment via digital modes on mobile phones.
Most common types of PAs include digital wallets, unified payment interface (UPI), bank transfers, and QR code payments. The license is approved and registered by the Reserve Bank of India (RBI).
Schedule a consultation with Corpbiz experts to apply for the payment aggregator license, prepare legal documents, reply to the RBI queries, set up the mandatory IT structure, and comply with annual reporting obligations. No need to visit anywhere, just sit back and apply for the RBI payment aggregator license, and our experts will help you get the same within a desired timeline.
Acts as a third party, a payment aggregator is a platform that allows businesses and entrepreneurs to accept digital payments through QR code or UPI. They process the transactions via various sources and settle them into the merchant’s account.
The benefits of RBI payment aggregator license registration include security, data protection, and seamless settlements.
After obtaining the license, the entities can establish a distinct brand recognition in the market because customers trust a system that provides faster payment options with authentic permits.
Customer data is protected through various RBI-mandated IT infrastructure and mechanisms, which leads to fewer consumer complaints and data fraud. It is one of the advantages of securing a payment aggregator license.
Some Indian UPI payment companies, including Navi UPI, take around 10-15 seconds to complete a payment transaction.
The PA companies can obtain payment through multiple methods, including net banking, QR codes, mobile wallets, and UPI. It is one of the benefits of RBI payment aggregator license.
After obtaining a payment aggregator license registration, you can check the real-time updates on your transactions through the automated system support.
As opposed to traditional banking, this system allows businesses to onboard customers within a few seconds to minutes through their single platform. KYC is streamlined, and information is transparent.
The requirements of the RBI payment aggregator license are as follows:
It must be noted that commercial banks don’t need a separate license to operate as a PA. In order to obtain a license for payment aggregator, entities must be:
The documents required for an online payment aggregator license are as follows:
Contact Corpbiz if you want to provide services like Paytm, PhonePe, etc, then you need to obtain a license for a payment aggregator. Understand the process below to secure a license for payment aggregator with Corpbiz:
Connect With Us
The first step starts with you connecting with us. Our consultant will discuss your business requirements during the 30-minute free consultation.
Check Your Eligibility
Only entities or entrepreneurs with an INR 15 crore net-worth can seek the RBI payment aggregator license. Only entities that have the bandwidth to achieve a net worth of INR 25 crore by the end of their third fiscal year are eligible for the license registration.
Register Your Company (if Applicable)
We’ll help you register your company under the Companies Act of 2013 if you haven’t already. For this, we’ll draft an MOA, AOA, the company’s charter, DIN, DSCs, and related documents.
Gather Documents
Our associates will assist you in assembling all the documents, including certification of registration, bylaws, audited financial statements, and net-worth declaration. We’ll help you prepare a business plan, a fit & proper statement for directors, and IT policies.
Establishment of IT Infrastructure
We’ll help you set up an RBI-approved IT infrastructure in accordance with cybersecurity, data protection, and information storage. You must also establish a fraud detection and risk-management system to prevent fraudulent transactions in real time.
Application Filing to the RBI
Once we’ve prepared all the documents and the mandatory policy framework, we’ll apply for the RBI payment aggregator license through their portal by filing the Form A under the Payment and Settlement Systems Act of 2007.
Reply to Queries
If the Reserve Bank of India has any questions regarding your application, then we’ll answer them promptly after obtaining your explicit consent. They may have questions regarding your documents, due diligence processes, or IT infrastructure.
Approval
If there are no further questions, the RBI will provide an in-principle approval for your application for a payment aggregator license for a period of six months. During this time, we’ll help you appoint a nodal officer, complete audits on data & cybersecurity, and other related requirements.
Final Registration
Once you’ve fulfilled the in-principle approval conditions, the RBI will issue the final certificate of registration. Currently, there are at least 30+ entities with the in-principal approval in India.
There are mainly two types of online payment aggregator licenses, as explained below:
Services are provided by banks. No additional license registration is required/mandated by the RBI.
A license is obtained by non-bank companies in India to operate as a payment aggregator. For legal operation in the country, these entities must acquire authorization from the Reserve Bank of India.
As per the latest RBI regulatory framework, there are three main categories of payment aggregators as explained below:
The RBI payment aggregator license in India offers features like data security, faster customer onboarding, and RBI oversight:
Explore the following operational provisions & governance norms for the payment aggregator license:
Fulfil your compliance obligations after obtaining a payment aggregator license in India:
There’s no need to visit the RBI in person; we’ll take care of all the paperwork for you - just connect with us from anywhere, anytime.
Full transparency in pricing because there are no other exclusive or additional costs associated with her fee structure.
Now you can register stress-free and avail our services at the best interest rates with leading banks.
Take assistance from our compliance team, who will help you prepare and audit your periodic reports, financial statements, and relevant regulatory requirements.
We provide real-time updates on your applications as well as annual filing, so it’s easy for you to keep track of everything and avoid penalties.
We have over 500 legal professionals, including lawyers, accountants, and auditors, who will provide expert guidance throughout the application filing, from approval to compliance.
| Basis | Payment Aggregator | Payment Gateway |
|---|---|---|
| Function | A PA collects payments from various merchants. | Responsible for transferring data between parties. |
| Do I need a merchant account? | Not required by every individual merchant. | Every merchant must setup an individual account. |
| Specific Role | Acts as an intermediary to settle payments between a customer and merchant. | It is an interface to process transactions. |
| Regulated by | The Reserve Bank of India | The Reserve Bank of India |
| Main Activities | Collection, settlement, and transfer of funds into merchants’ account. | Verification of card, transactions, and encryption data. |
Legal Researcher
Written by Neha Dawra. Last updated on Jun 14 2026, 11:57 PM
Neha Dawra has 4+ years of experience in legal research and intellectual property advisory. Her expertise lies in analyzing IP laws, drafting structured legal content, and simplifying complex registration procedures into clear, simple insights.
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