PayU Secures RBI’s Full Payment Aggregator Licence

RBI Authorises PayU as Full-Scale Aggregator Across Online, Offline & Cross-Border Channels

PayU has received full authorisation from the Reserve Bank of India to operate as a payment aggregator (PA) , marking a significant milestone for the fintech company and India’s fast-expanding digital payments ecosystem. The approval, granted under the Payment and Settlement Systems (PSS) Act , empowers PayU to provide end-to-end payment services across online platforms, offline payment points, and cross-border commerce.

The updated licence allows PayU to accept, process and settle payments on behalf of merchants, while also enabling seamless integration for global transactions. This includes both inward and outward cross-border flows , a crucial capability for exporters, importers, SaaS firms and businesses catering to international customers.

Strengthening Merchant Solutions and India’s Fintech Infrastructure

With full operational rights as a payment aggregator, PayU can now offer an enhanced suite of secure and compliant services across retail, e-commerce, travel, logistics, education and other sectors. The company aims to support merchants through improved transaction reliability, robust fraud controls and streamlined onboarding processes.

The licence positions PayU as a major player in India’s fintech landscape, contributing to the national push for frictionless digital commerce. The move is expected to accelerate adoption among small businesses seeking integrated domestic and global payment solutions. It also aligns with India’s broader agenda of building a unified, resilient and innovation-driven payments infrastructure.

Exam Oriented Facts

• PayU received authorisation under the Payment and Settlement Systems Act .

• The licence covers online, offline and cross-border payments .

• Scope includes inward and outward international remittances .

• RBI is the central authority regulating India’s digital payments ecosystem.