RBI Issues Guidelines Regulating Payment Aggregators

RBI issues guidelines regulating payment aggregators

New Delhi: The Reserve Bank on Monday issued directions to regulate payment aggregators, which came into effect immediately. As per the Reserve Bank of India (Regulation of Payment Aggregators) Directions, 2025, payments aggregators are categorised into three categories as per the work they undertake. These categories include PA-P for physical PAs; PA-CB for cross-border and PA-O for online PAs, as per the directions. A bank does not require aut…

RBI issued guidelines for payment aggregators, arbitrariness will not be tolerated - Business League

Under the Reserve Bank of India (Regulation of Payment Aggregators) Direction, 2025, payment aggregators have been divided into three categories based on their work. Guidelines have also been issued by RBI for these payment aggregators. Under which, the organization seeking authorization to start the business of payment aggregators should have a minimum net worth of Rs 15 crore at the time of applying. Now to stop the arbitrariness of payment ag…

RBI Update - Reserve Bank of India (Regulation of Payment Aggregators) Directions, 2025. - Mehta & Mehta

The Reserve Bank of India (RBI) has issued a  Master Direction on Regulation of Payment Aggregators (PA), consolidating and rationalizing previous guidelines and directions. The Master Direction, effective immediately, applies to both bank and non-bank entities engaged in PA business and introduces clear regulatory requirements for authorisation, capital adequacy, governance, dispute resolution, security measures, KYC norms, and settlement mecha…

RBI Issues New Master Directions For Payment Aggregators

The Reserve Bank of India (RBI) on Monday (September 15) issued new master directions to regulate payment aggregators (PAs) in the country.  Called Reserve Bank of India (Regulation of Payment Aggregators) Directions, 2025, the rules create a single comprehensive framework for companies that handle digital transactions. The rules come into effect immediately.  The biggest takeaway from the new rules is the formal categorisation of payment aggreg…