ED raids payment aggregator Pay10 premises in PMLA probe
15 May 2026, 03:02 PMDuring the raids, the ED reportedly seized substantial cash, valuables, electronic devices, and other incriminating evidence.
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The Enforcement Directorate on Wednesday has reportedly conducted search operations as part of a money laundering investigation against a Delhi-based payment aggregator platform Pay10 Services Pvt Ltd (formerly known as Bhartipay Services Pvt. Ltd).
The investigating authorities undertook extensive searches at the company’s premises in Delhi, Noida, Punjab regions under the Prevention of Money Laundering Act (PMLA) in an alleged cyber fraud case, PTI reported.
A news agency UNI reported, quoting ED officials, that an ECIR (The Enforcement Case Information Report) was registered against certain payment gateways allegedly involved in laundering proceeds of crime generated through cyber frauds and other lawful activities.
During the raids, the ED seized substantial cash, valuables, electronic devices, and other incriminating evidence. Forensic analysis of these electronic devices is underway to further understand the scale and methods of the alleged fraud.
Pay10 Services has received all three payment aggregator licences – online, offline, and cross-border.
Prabhpreet Singh Gill (Harry Gill), who operates out of UAE, is the founder and chairman at Pay10. Former Razorpay and PayU executive, Atul Mehta is Pay10 India CEO.
Pay10 Services reported revenues of Rs 268 crore in FY25, against Rs 88.6 crore in FY24. The FY25 profit stood at Rs 130.7 crore, compared to Rs 21 crore in the previous fiscal. In October 2025, the company appointed Virat Kohli and Anushka Sharma as global brand ambassadors.
Pay10 did not immediately respond to an email query from The Head and Tale.
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