Search for: Payment Aggregator

RBI brings the wild west under regulatory fold; Hello, AI friend

RBI brings the wild west under regulatory fold; Hello, AI friend

30 Sep 2025, 14:10 PM

Sep 19th Edition: We look at the RBI’s unified master directions on payment aggregators and what it means; and how AI companions could be the next big bets for Indian VCs.

Exclusive: Razorpay

Exclusive: Razorpay's offline payments head Kunal Gothivarekar moving out

29 Sep 2025, 14:10 PM

The exit comes at a time when Razorpay has been aggressively pushing its offline payments vertical in its overall portfolio.

PhonePe gets final payment aggregator licence from RBI

PhonePe gets final payment aggregator licence from RBI

19 Sep 2025, 22:20 PM

The approval comes more than two years after the fintech giant first secured in-principle approval from the RBI.

Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

Jio’s third attempt at payments: Can Mukesh Ambani finally crack the merchant code?

13 Aug 2025, 02:14 AM

Jio's payment aggregator arm, led by ICICI Bank veterans, is tapping deep banking ties and Reliance's war chest to take on India's biggest fintech players.

Infibeam transferring e-commerce biz to subsidiary Rediff

Infibeam transferring e-commerce biz to subsidiary Rediff

08 Aug 2025, 17:00 PM

As part of this Rs 800 crore 'related-party transaction' deal, Infibeam is also increasing its stake in Rediff to 82.7%.

IRCTC gets RBI nod to operate as payment aggregator

IRCTC gets RBI nod to operate as payment aggregator

06 Aug 2025, 11:42 AM

Now, IRCTC will be able to process and settle online payments initiated on its railway ticketing platform.

Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

Exclusive: ICICI Bank breaks zero-fee UPI model, starts charging payment aggregators

30 Jul 2025, 11:49 AM

Interestingly, not just payment aggregators, the has decided to charge some large merchants – who use the bank’s UPI directly.

Phi Commerce raises $6 million part of Series B round

Phi Commerce raises $6 million part of Series B round

17 Jul 2025, 11:25 AM

With this, the total funding raised by the Pune-based payment aggregator company is about $20 million.

Infibeam Avenues completes Rs 700 crore rights issue

Infibeam Avenues completes Rs 700 crore rights issue

16 Jul 2025, 12:24 PM

The funds will help bolster its financial position and allow it to invest in crucial growth sectors, including artificial intelligence products.

EximPe gets in-principle licence to operate as cross-border payment aggregator

EximPe gets in-principle licence to operate as cross-border payment aggregator

15 Jul 2025, 14:52 PM

The licence will help the company enable cross-border transactions for digital services, e-commerce, and B2B goods trade, serving businesses across Asian emerging markets.

Exclusive: Former PayU CBO Sudhir Sehgal joining Paytm, say sources

Exclusive: Former PayU CBO Sudhir Sehgal joining Paytm, say sources

05 Jun 2025, 10:54 AM

Sudhir Sehgal is set to join Paytm Payments Services Limited as Chief Operating Officer.

PayPal, Worldline get RBI approval to operate as cross-border PA

PayPal, Worldline get RBI approval to operate as cross-border PA

29 May 2025, 17:17 PM

Earlier this year, two startups Skydo and BriskPe were granted in-principle authorization to act as a cross-border payment aggregator (PA-CB).

Razorpay flips back to India at a $150 million cost

Razorpay flips back to India at a $150 million cost

29 May 2025, 17:00 PM

The development comes weeks after Razorpay officially restructured itself into a public limited company, a key step toward its anticipated IPO.

Infibeam Avenues posts jump in FY25 revenue and net profit

Infibeam Avenues posts jump in FY25 revenue and net profit

29 May 2025, 14:57 PM

The payment aggregator's Q4 FY25 revenue from operations increased year-over-year to Rs 1,160 crore, from Rs 716 crore in Q4FY24.

Exclusive: PayU receives final nod from RBI to operate as payment aggregator

Exclusive: PayU receives final nod from RBI to operate as payment aggregator

13 May 2025, 18:56 PM

The Gurugram-based fintech received an in-principle approval from the central bank in April 2024 to operate as a payment aggregator.

BillDesk reports decline in FY24 revenue, profits

BillDesk reports decline in FY24 revenue, profits

13 May 2025, 13:04 PM

BillDesk posted a 14.8% drop in profit to Rs 121 crore in FY24, from Rs 142 crore in FY23.

MobiKwik

MobiKwik's Zaakpay gets final nod from RBI to operate as payment aggregator

30 Apr 2025, 22:32 PM

In October 2023, the firm had received in-principle authorization from the RBI to operate as a payment aggregator.

Razorpay converts into public entity amidst reverse flipping back to India

Razorpay converts into public entity amidst reverse flipping back to India

20 Apr 2025, 20:55 PM

This development follows the recent approval of the merger between Razorpay Inc. and Razorpay India by the Regional Director in Hyderabad.

PB Fintech gets RBI

PB Fintech gets RBI's in-principle nod to operate as payment aggregator

16 Apr 2025, 11:41 AM

In March 2024, the company announced incorporation of a wholly owned subsidiary under the name of 'PB Pay' to carry on the business of payment aggregator.

Cashfree appoints ex-Bandhan AMC exec Piyush Anchliya as its CFO

Cashfree appoints ex-Bandhan AMC exec Piyush Anchliya as its CFO

16 Apr 2025, 10:30 AM

Anchliya replaces Vikas Guru, who served as CFO at Cashfree for nearly four years.

BharatPe secures final RBI nod to operate as payment aggregator

BharatPe secures final RBI nod to operate as payment aggregator

10 Apr 2025, 02:25 AM

The Delhi-based digital payments giant received its in-principle approval from the central bank in January 2023.

Easebuzz raises $30 million funding led by Bessemer Venture Partners

Easebuzz raises $30 million funding led by Bessemer Venture Partners

07 Apr 2025, 16:11 PM

The round, which is a mix of primary (Rs 200 crore) and secondary financing (Rs 40 crore), also included existing investors 8i Ventures and Varanium Capital.

Exclusive: Paytm’s payment aggregator unit fires all senior executives

Exclusive: Paytm’s payment aggregator unit fires all senior executives

04 Apr 2025, 15:08 PM

Nearly 10-15 senior executives—at the AVP, VP, and SVP levels—have been let go from Paytm Payments Services Limited, which is still awaiting its final PA licence from the RBI.

Orchestrating an Exit: Why payment aggregators are moving away from Juspay

Orchestrating an Exit: Why payment aggregators are moving away from Juspay

02 Apr 2025, 11:36 AM

Razorpay, Cashfree, Paytm, and PhonePe are taking control back, ditching third-party routers. But what about merchants—are they embracing the change or caught in the chaos?

Infibeam Avenues restructures UAE unit as it plans ADX listing

Infibeam Avenues restructures UAE unit as it plans ADX listing

12 Mar 2025, 17:21 PM

The restructuring involves transferring the mirror shareholding in Avenues World FZ-LLC to Infibeam Avenues ME SPV Ltd, a newly formed entity in Abu Dhabi.

Easebuzz gets final nod from RBI to operate as payment aggregator

Easebuzz gets final nod from RBI to operate as payment aggregator

12 Feb 2025, 20:54 PM

Easebuzz claims it processes an annualized gross transaction value (GTV) of $30 billion, serving more than two lakh businesses.

Razorpay promotes Khilan Haria as its chief product officer

Razorpay promotes Khilan Haria as its chief product officer

12 Feb 2025, 20:37 PM

Haria, who joined Razorpay in 2019, previously served as senior vice president-product at the Bengaluru-based payment aggregator.

Infibeam Avenues’ Rediff.com secures UPI payments licence

Infibeam Avenues’ Rediff.com secures UPI payments licence

12 Feb 2025, 19:00 PM

This license from NPCI enables RediffPay to offer Unified Payments Interface (UPI) services to its users.

Infibeam posts 50% jump in Q3 profits

Infibeam posts 50% jump in Q3 profits

04 Feb 2025, 21:00 PM

Payment business accounted for 94% of its total revenues which stood at Rs 1,010 crore; whereas the e-commerce platform business' contributed Rs 60.3 crore.

Scoop Confirmed: Paytm’s payment aggregator unit CEO Nakul Jain on his way out

Scoop Confirmed: Paytm’s payment aggregator unit CEO Nakul Jain on his way out

27 Jan 2025, 17:45 PM

The Noida-based fintech giant, which has re-applied for the payment aggregator license, is undergoing internal restructuring.

Cross border payments startup Skydo gets PA-CB in-principle approval from RBI

Cross border payments startup Skydo gets PA-CB in-principle approval from RBI

22 Jan 2025, 14:50 PM

Skydo currently serves over 12,000 exporters in India, processing over $250 million in annual export payments.

Exclusive: Razorpay, Cashfree discontinue payment processing via Juspay

Exclusive: Razorpay, Cashfree discontinue payment processing via Juspay

20 Jan 2025, 16:31 PM

"We have decided to discontinue our PA/PG support with third-party routing platforms, effective 30th April 2025," Razorpay said.

Mswipe posts flat revenue in FY24; payments biz turns profitable

Mswipe posts flat revenue in FY24; payments biz turns profitable

02 Jan 2025, 18:14 PM

On consolidated basis, Mswipe saw marginal fall in its losses at Rs 46.2 crore in FY24, from Rs 49 crore reported in FY23.

PhonePe ends partnership with Juspay; plans direct integrations with merchants

PhonePe ends partnership with Juspay; plans direct integrations with merchants

02 Dec 2024, 17:47 PM

Around 15% of PhonePe’s payment gateway volume is currently being processed through Juspay.

Payment aggregator firm Infibeam posts Rs 1016 crore in Q2 revenues

Payment aggregator firm Infibeam posts Rs 1016 crore in Q2 revenues

12 Nov 2024, 22:10 PM

The company's net profit after tax rose to Rs 47.47 crore, up 16.7% from Rs 40.69 crore earned in Q2 FY24.

Cashfree pilots cross-border payments with Swiggy, Nykaa, others

Cashfree pilots cross-border payments with Swiggy, Nykaa, others

11 Nov 2024, 16:37 PM

The Bengaluru-based company is "piloting with half a dozen sizable merchants that will be over by the end of this year."

Juspay cuts losses to Rs 97.54 crore in FY24

Juspay cuts losses to Rs 97.54 crore in FY24

11 Nov 2024, 16:06 PM

Juspay earned Rs 287 crore in revenues from payment platform integration fees as compared to Rs 196 crore in FY23.

Cashfree reports Rs 135 crore in losses in FY24

Cashfree reports Rs 135 crore in losses in FY24

05 Nov 2024, 02:55 AM

The Bengaluru-based payments firm faced a year long ban on new merchant onboarding.

Razorpay reports 5x growth in net profit in FY24

Razorpay reports 5x growth in net profit in FY24

05 Nov 2024, 02:38 AM

The company posted profit after tax of Rs 34 crore in FY24 as compared to Rs 7 crore in FY23.

Amazon Pay reports flat revenue growth, cuts losses in FY24

Amazon Pay reports flat revenue growth, cuts losses in FY24

05 Nov 2024, 02:28 AM

The e-commerce giant’s fintech arm reported a slight jump in its revenue from operations to Rs 2,287 crore in FY24 from Rs 2,093 crore in FY23.

The Payment Aggregator Paradox: License to Struggle?

The Payment Aggregator Paradox: License to Struggle?

24 Jul 2024, 07:13 AM

The much-coveted payment aggregator license maybe losing its sheen as it has turned into a regulatory nightmare for some.

What went wrong with payment aggregator plans of Stripe, Zomato?

What went wrong with payment aggregator plans of Stripe, Zomato?

04 Jun 2024, 10:23 AM

In the past six months, the RBI has granted final PA licenses to 30 companies. Out of these, one has surrendered its license, and another has put its plans on hold.

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