India’s fintech landscape is booming, and obtaining a Payment Aggregator (PA) licence from the RBI is a vital step for any company aspiring to process digital payments. In 2025 alone, over 50 companies — notably PayU, PayG, Getepay and QuickPay — have either finalized or received in-principle licences.This surge is redefining margins and competition.
📑 Types of Licences Offered
There are two main categories of licences regulated by the RBI under the Payment and Settlement Systems Act, 2007:
- Domestic PA licences – For processing payments within India (e.g. PayU, PayG, Getepay)
- Cross‑Border PA licences – For facilitating international transactions, such as PayPal’s recent PA-CB-E nod for export payments
👥 Who Needs These Services?
- Fintech startups launching payment solutions
- E-commerce platforms & marketplaces
- Banks not operating their own gateway
- Exporters seeking cross-border payment support
- Digital-first MSMEs aiming for UPI, card, wallet acceptance
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✅ Why Choose a Licence Registration Service Provider?
Navigating complex RBI norms, securing documents, and ensuring KYC/data-security compliance can be overwhelming. Providers (e.g., legal/fintech advisors) streamline:
- Application drafting & submission
- Document verification & liaison with RBI
- Post‑approval compliance (capital maintenance, audits, reporting)
Choose the right partner to avoid rejections and delays.
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📝 Registration Process
Step-by-step, following the RBI’s PA guidelines (March 2020, updated Nov 2020):
- Submit Form A to RBI Central Office (DPSS Dept.)
- Pay application & licence fees
- RBI performs due diligence: financial health, security standards, KYC systems, risk processes
- If approved, RBI issues Form B – Authorisation Certificate
- Ongoing compliance: capital upkeep, periodic reports, audit certificates
📄 Required Documents
- Company incorporation papers (MoA/AoA)
- Board resolution authorizing application
- Paid‑up capital proof (≥ ₹15 crore as per RBI guidelines)
- Fit & proper person documents for promoters
- Detailed business plan & risk/security policies
- KYC/AML procedures and due‑diligence systems
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💰 Cost Involved
- Application/licence fee: ₹16–25 lakhs
- Minimum paid‑up capital: ₹15 crore (ongoing maintenance)
- Compliance overhead: audits, reporting tools, tech system upgrades
⏳ Time Taken
RBI guidelines mandate decision within 6 months of complete application .
In practice: 6–12 months depending on compliance readiness.
⚠️ Common Mistakes to Avoid
- Submitting incomplete or inconsistent documentation
- Neglecting fit & proper norms for promoters
- Underestimating capital & infrastructure needs
- Failing to maintain periodic compliance (e.g., audits, reporting, KYC)
- Overlooking security/RBI norms — especially around tokenisation, 3‑D Secure, AFA and escrow
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👉 Contact us at
Email: opriyatrendingpvtltd@gmail.com or
WhatsApp: +91 75887 56518
Visit: opriyatrending.in
❓ FAQs
- Do I need this licence to operate a payment gateway in India?
Yes, RBI mandates it under the Payment and Settlement Systems Act - Can I transfer it across entities?
No — licences are non-transferable; each entity must apply separately - How often are audits and reports required?
Quarterly reporting, periodic audits, and maintaining capital are mandatory - Are cross-border PA licences different?
Yes, they follow separate RBI guidelines (PA‑CB/PACB-E), e.g. PayPal, few others
