Inside This Article
India’s fintech space is growing fast. One of the latest and biggest updates is that BharatPe’s group company, Resilient Payments Private Limited, has received final approval from the Reserve Bank of India (RBI) to work as a Payment Aggregate (PA).
This is a big achievement not just for BharatPe but for the entire fintech ecosystem in India.
With this new license, BharatPe becomes the only Indian fintech company to hold:
- A stake in a Small Finance Bank (Unity SFB)
- An NBFC license (via Trillion Loans)
- And now, a Payment Aggregator license
This shows how BharatPe is growing into a full financial service provider, offering everything from lending to banking to digital payments.
What is a Payment Aggregator License?
A Payment Aggregator license allows a company to accept digital payments for other businesses. Think of it like a payment gateway that collects money from customers and settles it into the seller’s account.
Without this RBI-approved license, companies can’t legally collect or manage digital payments for others.
This license is important for helping:
- Online sellers
- Small shop owners
- Startups that want to accept card, UPI, and wallet payments
- Any business that wants smooth and secure online payments
BharatPe’s Future Plans with the PA License
BharatPe will now run this business under a new brand name: BharatPe X.
Here’s what they plan to do:
✅ Help more small businesses start accepting digital payments
✅ Expand services to Tier 2 and Tier 3 cities
✅ Improve their tech to make payments easier, faster, and safer
BharatPe’s Numbers So Far
BharatPe already has a strong presence in India:
- Present in over 450 cities
- Over 1.3 crore merchants use their services
- Handles 450 million+ UPI transactions every month
- POS (Point of Sale) business is worth over ₹29,000 crore yearly
- Loans given through NBFC partners total over ₹18,000 crore
With the new license, these numbers are expected to grow even more.
RBI’s Role and What It Means for Fintech
The RBI is taking a careful and clear approach to regulating fintech companies. By giving licenses like the Payment Aggregator license, it ensures:
- Better security
- Customer Protection
- Smooth digital payment systems
Other companies like Infibeam Avenues and PayU have also received their final approvals in recent months. This shows RBI’s support for safe and trusted digital finance.
How NBFC Advisory Can Help
At NBFC Advisory, we help businesses like yours get ready for this kind of growth.
Our services include:
✅ Applying for an NBFC license
✅ Assistance with Payment Aggregator license
✅ Support in following RBI rules
✅ Setting up your fintech or financial business the right way
✅ Virtual Compliance and CFO services
Whether you’re just starting or want to scale your fintech idea, we’ve got your back.
Want to grow your fintech business legally and confidently?
Let’s make it happen. Talk to our team today.
📞 Call Us: +91 93287 18979
🌐 Visit: nbfcadvisory.com
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What is a Payment Aggregator and it’s benefits
