PayU India gets RBI nod for all three payments licences
17 Nov 2025, 03:05 PMThe approval comes as the Prosus-owned company is inching closer to acquiring a point-of-sale (PoS) player.
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PayU India said that it has received approval from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA) across online, offline and cross-border transactions.
The approval will help PayU to provide payment acceptance, settlement and cross-border solutions for merchants across channels in a secure and compliant manner, it said in a statement.
Notably, the approval comes as the Prosus-owned company is inching closer to acquiring a point-of-sale (PoS) player, The Head and Tale reported last month. The acquisition will finally add an offline piece to PayU India that is critical for the company as it prepares for its initial public offering (IPO).
Last week another payments major Pine Labs also received regulatory licences from the central bank to operate as a payment aggregator across offline, online, and cross-border payments.
The RBI's approval for the licences came just days ahead of its stock market debut that saw its shares list on the bourse at a around 10% premium to its issue price.
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