PayU Gets RBI Approval to Operate as Full-Scale Payment Aggregator

PayU has received authorisation from the Reserve Bank of India to function as a payment aggregator across online, offline and cross-border channels. The approval expands the company’s operational scope and strengthens its role as a major digital payments provider in India.

Expanded Authorisation Under PSS Act

The permission granted under the Payment and Settlement Systems Act allows PayU to handle payment acceptance, settlement and processing for merchants across multiple platforms. The mandate includes both inward and outward cross-border payments, enabling seamless integration for businesses engaged in global transactions.

Strengthening Merchant Capabilities

With the new authorisation, PayU can support merchants with secure and compliant payment services across physical and digital environments. The broadened capability ensures smoother customer experiences, including improved transaction reliability and enhanced risk controls for businesses of varying scales.

Boost to India’s Digital Payments Landscape

The approval reinforces PayU’s position in India’s fintech sector as a full-stack service provider. By bridging online, offline and international payment requirements, the company aims to advance digital commerce and support the expansion of small and large enterprises operating in dynamic market conditions.

Exam Oriented Facts

• The payment aggregator licence is issued under the Payment and Settlement Systems Act.
• PayU now supports online, offline and cross-border transactions.
• Cross-border payments include both inward and outward remittances.
• India’s digital payments ecosystem is regulated by the Reserve Bank of India.

Future Outlook for Digital Services

The expanded compliance framework allows PayU to focus on scaling secure solutions for diverse merchant needs. By integrating cross-border services with domestic payment systems, the company aims to contribute to India’s growing digital economy and support businesses seeking unified payment infrastructure.