Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Homegrown payment gateway PayG has received RBI approval to operate as an Offline and Cross-Border Payment Aggregator, completing its full suite of Payment Aggregator licences. This allows PayG to process online, in-store, and international digital payments through a single, RBI-compliant platform. The approval enables support for point-of-sale, QR-based, device-led, and cross-border transactions, helping businesses manage payments across channels and geographies seamlessly. The company said the milestone strengthens its regulatory standing and supports offline-first, export-oriented, and omnichannel businesses. Founded in 2020, PayG currently serves over 1,000 SMEs and 50 enterprise clients. The development positions PayG for its next growth phase as demand rises for integrated, secure, and compliant digital payment solutions across sectors.
Homegrown payment gateway PayG has received approval from the Reserve Bank of India (RBI) to operate as an Offline and Cross-Border Payment Aggregator, marking a key milestone in the company's regulatory journey. With this clearance, PayG has completed its full suite of Payment Aggregator (PA) licences, allowing it to process digital payments across online, in-person and international channels under the RBI's regulatory framework. Advertisement
The approval enables PayG to support a wide range of payment use cases through a single, compliant platform. These include online transactions, offline and in-store payments using point-of-sale systems, QR codes and device-based solutions, as well as cross-border payments for international customers and global merchants. With all required licences now in place, the company can offer end-to-end payment solutions without the need for multiple service providers.
PayG said the expanded authorisation strengthens its regulatory standing and enhances its ability to serve businesses operating across multiple channels and geographies. The approvals ensure compliance across the full payment lifecycle and allow the company to address the needs of offline-first businesses, export-oriented enterprises and firms with a physical and digital presence. The company said the milestone positions it as a fully licensed payment aggregator with a differentiated offering in the payments ecosystem.
For merchants, the development offers a unified platform to manage online, offline and cross-border payments. It is expected to simplify international expansion by providing RBI-compliant infrastructure for handling overseas transactions. The platform also aims to ensure secure, transparent and compliant payment processing while offering a consistent experience for customers across different touchpoints, including digital platforms and physical stores.
Commenting on the development, Kamal Manohar Jangeti, Chairman of PayG, said the RBI approval reflects the company's focus on regulatory compliance and building a reliable payments infrastructure. He said the complete set of PA licences places PayG in a strong position to support merchants across online, in-store and international markets through a single platform.
With the full licensing framework now in place, PayG is entering its next phase of growth with an emphasis on scale and compliance. The company said the approvals will help it deepen partnerships with enterprises and banking institutions while expanding its reach among businesses that require integrated payment solutions.
Founded in 2020, PayG is an Indian payment gateway focused on providing affordable digital payment solutions. The company currently works with more than 1,000 small and medium businesses and over 50 enterprise clients. Its platform supports more than 120 payment options, including credit and debit cards, net banking and digital wallets.
As digital payments continue to expand across sectors such as retail, services and real estate, platforms that can support online, offline and cross-border transactions are increasingly relevant. PayG said it remains focused on building a secure, scalable and inclusive payments infrastructure aligned with India's regulatory and economic priorities.
Source: PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
