With the rapid growth of digital transactions in India, Payment Aggregators (PAs) have become a vital part of the online payments ecosystem. Businesses that enable merchants to accept digital payments through cards, UPI, wallets, or net banking are required to obtain a Payment Aggregator License from the Reserve Bank of India (RBI). Understanding this licensing framework is essential for fintech startups, e-commerce platforms, and payment service providers.

What Is a Payment Aggregator?

A Payment Aggregator is an entity that facilitates e-commerce and online merchants to accept various payment instruments without requiring the merchants to set up their own payment infrastructure. Payment Aggregators pool transactions and settle funds to merchants after deducting applicable fees.

As per RBI guidelines, Payment Aggregators are regulated to ensure customer protection, data security, and financial stability.

Eligibility Criteria for Payment Aggregator License

To apply for a Payment Aggregator license in India, the applicant must meet the following requirements:

The entity must be incorporated in India as a company

Minimum net worth of ₹15 crore at the time of application

Net worth must increase to ₹25 crore within three years

Directors and promoters must meet fit and proper criteria

Robust IT systems, escrow arrangements, and grievance redressal mechanisms

Application Process for PA License

The Payment Aggregator license application is submitted to the RBI along with detailed documentation, including business plans, financial statements, system audit reports, and compliance policies. RBI conducts due diligence, system evaluation, and background verification before granting approval.

Compliance and Ongoing Obligations

Licensed Payment Aggregators must comply with RBI regulations such as:

Maintenance of escrow accounts

Adherence to KYC and AML norms

Data localization requirements

Regular audits and regulatory reporting

Non-compliance can result in penalties or license cancellation.

How Corpzo Helps with Payment Aggregator Licensing

At Corpzo, we assist fintech companies with end-to-end Payment Aggregator license services, including eligibility assessment, documentation preparation, RBI application filing, compliance setup, and post-approval support. Our structured approach helps reduce delays and ensures regulatory compliance.

? Website: www.corpzo.com


? Contact: +91 9999 139 391

FAQs – Payment Aggregator License
1. Is a Payment Aggregator license mandatory in India?

Yes, RBI approval is mandatory for entities acting as Payment Aggregators.

2. What is the minimum capital required?

A net worth of ₹15 crore at the time of application.

3. How long does RBI take to issue the PA license?

Typically 6 to 9 months, depending on scrutiny and compliance readiness.

4. Can foreign investment be made in Payment Aggregators?

Yes, subject to RBI and FEMA guidelines.

5. How does Corpzo support PA license applicants?

Corpzo handles documentation, RBI liaison, compliance setup, and audit coordination.