Payment Aggregator License India 2025 | RBI Process, Docs & Steps | Corpzo

RBI Master Direction 2025 · PSS Act 2007 · PRAVAAH Portal

Payment Aggregator License
in India — Complete 2025 Guide

If your business collects payments on behalf of merchants — online, at physical POS, or across borders — you need an RBI Certificate of Authorisation. The RBI’s landmark Master Direction on Regulation of Payment Aggregators, issued September 15, 2025, has comprehensively overhauled the framework. This definitive guide by Corpzo.com explains every category, requirement, document, and step you need to navigate the process.

→ Get PA License Help from Corpzo ☎ 9999 139 391

PA-O Online

PA-P Physical

PA-CB Cross-Border

₹15 Cr Min Net Worth

PRAVAAH Portal Filing

15 Sep 2025Master Direction Date

₹15 CrMin Net Worth at Application

₹25 CrNet Worth by Year 3

3 CategoriesPA-O • PA-P • PA-CB

PSS Act 2007Legal Authority — Section 7

Understanding Payment Aggregators

What Is a Payment Aggregator? RBI’s Definition & Role in India’s Digital Economy

A Payment Aggregator (PA) is an entity that enables e-commerce merchants and businesses to accept various payment instruments from their customers — without each merchant needing to build its own payment integration. PAs act as the financial intermediary layer in India’s digital payments stack: they receive funds from customers, pool them in a segregated escrow account, and settle the proceeds to merchants after a defined processing cycle.

Unlike a Payment Gateway — which only provides technology infrastructure to route payment data — a Payment Aggregator actually handles money. This is what makes RBI authorisation mandatory for PAs. Every rupee that flows from a customer’s bank account to a merchant through a non-bank intermediary passes through a licensed PA framework.

Regulatory Authority: All non-bank Payment Aggregators in India are regulated by the Reserve Bank of India (RBI) under Section 7 of the Payment and Settlement Systems (PSS) Act, 2007. The RBI’s Master Direction on Regulation of Payment Aggregators, 2025 (issued September 15, 2025) is the current comprehensive regulatory framework — replacing and consolidating all prior guidelines issued in 2020, 2021, and 2023. Commercial banks operating as PAs are exempt from separate authorisation but remain subject to RBI’s banking supervision framework.

How PAs work

Collect, pool & settle merchant payments

PAs receive customer payments across UPI, cards, net banking, and wallets; hold funds in an escrow account segregated from the PA’s own money; and settle to merchants within prescribed RBI timelines, typically T+1 to T+3 business days.

PA vs Payment Gateway

Gateways route data; PAs hold funds

A Payment Gateway provides only the technical routing between customer’s bank and merchant’s bank — it never touches money. A PA takes custody of funds, which is why RBI authorisation is required for PAs but not for standalone gateways that do not pool funds.

Market scale

India’s $10 trillion digital payments opportunity

India records 10+ billion UPI transactions monthly. The digital payments market is projected to cross USD 10 trillion by 2026. Every merchant who cannot integrate directly with all banks relies on a licensed PA — making this one of India’s most high-growth regulated sectors.

Who must be licensed

All non-bank entities pooling merchant payments

Any non-bank entity that collects customer payments on behalf of merchants — whether online, at physical points-of-sale, or across international borders — must obtain RBI’s Certificate of Authorisation before commencing or continuing operations as a PA.

RBI Master Direction 2025 — Three Categories

Three PA Categories under the RBI Master Direction, 2025

The September 2025 Master Direction is the first framework to formally classify Payment Aggregators into three distinct, regulated categories based on the nature of transaction facilitation. This replaces the earlier fragmented circulars that governed online and cross-border PAs separately while leaving physical PAs entirely unregulated:

PA-O — Online

Payment Aggregator (Online)

Entities facilitating digital payment transactions between customers and merchants through cards, UPI, net banking, wallets, and other electronic modes. The classic “fintech PA” model — Razorpay, PayU, CCAvenue operate in this space. The most common and well-established PA category in India.

₹15 Cr → ₹25 Cr (Yr 3)

PA-P — Physical

Payment Aggregator (Physical)

Entities facilitating proximity or face-to-face payment transactions at physical merchant locations through card swipes, tap-and-pay (NFC), QR code scanners, and POS terminals. For the first time, brought under RBI’s regulatory oversight through the 2025 Master Direction. Application deadline for existing PA-Ps: December 31, 2025.

₹15 Cr → ₹25 Cr (Yr 3)

PA-CB — Cross-Border

Payment Aggregator (Cross-Border)

Entities facilitating cross-border payment transactions for current account e-commerce, subject to FEMA regulations. Includes PA-CB Inward (receiving foreign customer payments into India) and PA-CB Outward (facilitating Indian customer payments to overseas merchants). Separate InCA and OCA accounts required.

₹15 Cr → ₹25 Cr (Yr 3)

Key Restriction — No Marketplace Business: The Master Direction explicitly prohibits a PA from simultaneously operating a marketplace or e-commerce business. PAs that are part of larger groups with marketplace operations must ensure complete legal and operational separation between the PA entity and any marketplace entity. This prevents self-dealing conflicts of interest where a PA could favour its own merchants over others.

Who Can Apply

Eligibility Conditions for PA Authorisation — Capital, Entity & Governance

Entity Structure

Company type

Private or Public Limited Company only

Only companies incorporated under the Companies Act, 2013 may apply. Sole proprietorships, partnership firms, and LLPs are categorically ineligible for PA authorisation. The entity type requirement is non-negotiable — the RBI will return applications from non-company entities without review.

MoA requirement

PA activity must be an expressed object in MoA

The Memorandum of Association must explicitly include the business of operating as a Payment Aggregator among the company’s stated objects. Entities whose MoA does not contain this must amend it before applying — the RBI checks MoA compliance at the time of application review.

Capital Requirements — Two-Stage Net Worth Compliance

Net Worth Defined: Under the 2025 Master Direction, “net worth” is calculated per Companies Act and applicable accounting standards. Compulsorily convertible preference shares may be included in the calculation. However, the value of deferred tax assets must be specifically deducted from the calculated net worth — a clarification introduced in the 2025 directions that tightens the computation compared to earlier frameworks.

Stage	Net Worth Requirement	Who Provides Certificate	Note
At Time of Application	₹15 Crore minimum	Statutory Auditor (Annexure 2.1 format)	Newly incorporated entities may submit current NW certificate without audited accounts
By End of Year 3 from CoA	₹25 Crore minimum	Statutory Auditor (annual certificate)	Must be maintained on a continuous basis thereafter

Fit & Proper Criteria

All promoters, directors, and key management personnel must satisfy the RBI’s fit-and-proper requirements. The RBI may verify compliance by obtaining inputs from other regulators, government departments, law enforcement agencies, and credit bureaus. RBI’s decision on fit-and-proper compliance is final. Key requirements include:

✓
No history of defaults on financial obligations or debt repayment
✓
No criminal proceedings, particularly for economic offences, fraud, or financial crimes
✓
No adverse regulatory action by RBI, SEBI, IRDAI, or any other financial sector regulator
✓
Demonstrated integrity, competence, and relevant experience in financial or technology services
✓
Financial soundness commensurate with the scale of proposed PA operations

Technical Pre-Conditions

PCI-DSS Compliance

Payment card security standards mandatory

Applicants must have implemented or be actively implementing PCI-DSS (Payment Card Industry Data Security Standard) compliance for all systems handling cardholder data. PCI-DSS compliance must also be verified for merchants during onboarding.

Escrow Account

Segregated nodal account with authorised bank

An escrow or nodal account must be opened (or a letter of intent obtained) with an RBI-authorised commercial bank before operations commence. All customer payments flow through this account — completely segregated from the PA’s operating funds.

KYC & AML Framework

Board-approved KYC/AML policy mandatory

A comprehensive, board-approved KYC and AML policy — aligned with RBI’s Master Direction on Know Your Customer (2016) and PMLA, 2002 — must be in place. FIU-IND registration is also mandatory for all non-bank PAs.

Information Security Policy

Board-approved infosec framework

A board-approved Information Security Policy, reviewed at least annually, is mandatory. It must cover data classification, access controls, asset inventory, security organisational structure, incident response, and alignment with business objectives.

NOC from Existing Regulator: If the applying entity is already regulated by any other financial sector regulator (SEBI, IRDAI, NHB, etc.), the application must be accompanied by a No-Objection Certificate (NOC) from that regulator. The PRAVAAH application must be submitted within 45 days of receiving the NOC. This is a critical timeline to track — missing the 45-day window requires restarting the NOC process.

Documentation Checklist

Documents Required for Payment Aggregator License Application

Preparing a complete, accurate, and RBI-formatted document set is the most critical success factor in the PA authorisation process. Incomplete applications are returned by RBI without processing — there is no partial review of incomplete files. Below is the comprehensive checklist:

Corporate & Entity Documents

✓
Certificate of Incorporation under the Companies Act, 2013
✓
Memorandum of Association (MoA) explicitly including PA activity as an object
✓
Articles of Association (AoA)
✓
Board Resolution authorising the filing of the RBI PA authorisation application
✓
PAN card of the company
✓
List of all directors, promoters, and KMPs with DIN / PAN details
✓
Shareholding pattern and corporate structure chart

Financial Documents

✓
Audited financial statements for the last two financial years (if entity has operated)
✓
Statutory Auditor certificate confirming minimum net worth of ₹15 crore in RBI Annexure 2.1 prescribed format
✓
For newly incorporated entities: Statutory Auditor certificate on current net worth (audited accounts not mandatory if entity is newly incorporated)
✓
Capital structure details — paid-up capital, reserves, deferred tax assets (to be excluded from NW)
✓
Source of funds documentation for net worth — promoter contribution, equity raise, bank statements
✓
Business plan and projected financials for 3–5 years with revenue model and merchant pipeline

Fit & Proper Declarations

✓
Individual Fit and Proper declarations from each director and promoter (RBI Annexure 2.5 format)
✓
KYC documents: Aadhaar, PAN, passport, and address proof for all directors and promoters
✓
Self-declaration of no criminal / regulatory proceedings against any director or promoter
✓
Details of positions held in any other RBI / SEBI / IRDAI regulated entity
✓
NOC from existing financial sector regulator (if applicable), obtained before PRAVAAH filing

Compliance & Technical Documents

✓
Board-approved Information Security Policy
✓
PCI-DSS compliance certificate or gap assessment and implementation roadmap
✓
Board-approved KYC / AML Policy aligned with RBI KYC Master Direction 2016
✓
Merchant onboarding policy (board-approved, with background check procedures)
✓
Merchant agreement template showing allocation of settlement, refund, and chargeback responsibilities
✓
Escrow / nodal account opening confirmation or bank letter of intent
✓
Grievance redressal mechanism and nodal officer appointment details
✓
Cyber security incident response policy including 2–6 hour breach reporting protocol
✓
FIU-IND registration (or parallel application if newly applying) under PMLA, 2002
✓
IT infrastructure overview, payment processing technology stack, and system architecture

Corpzo’s Document Pre-Audit: RBI returns incomplete applications without any processing — requiring the applicant to restart the filing process from scratch, losing weeks of timeline. Corpzo conducts a thorough document pre-submission audit, verifying every document against RBI’s prescribed formats (including Annexure 2.1 and 2.5), before your application goes to the PRAVAAH portal. Contact reach@corpzo.com or call 9999 139 391.

Registration Process

8-Step Payment Aggregator License Registration Process

The PA authorisation process from entity formation to grant of Certificate of Authorisation (CoA) follows a structured, multi-stage pathway. Here is the complete roadmap as Corpzo manages it for clients:

1

Entity Setup
Incorporate the Entity & Ensure MoA Covers PA Activity If no entity exists, incorporate a private or public limited company under the Companies Act, 2013. The MoA must explicitly list operating as a Payment Aggregator as an object of the company. For existing companies, verify and if needed, amend the MoA through a special resolution and file the amendment with the ROC. Corpzo handles incorporation and MoA drafting / amendment as the foundational first step of every PA engagement.
2

Capital Compliance
Build & Certify Net Worth of Minimum ₹15 Crore Achieve the minimum ₹15 crore net worth required at application. This typically involves promoter capital infusion, equity raise from investors, or a combination. The net worth must be certified by the statutory auditor in Annexure 2.1 format — which specifically requires exclusion of deferred tax assets from the net worth computation. For newly incorporated entities, the auditor can certify current net worth without historical audited statements. Corpzo assists with capital structure planning, investor structuring, and auditor coordination.
3

Compliance Build-Out
Establish Escrow, Policies, PCI-DSS & FIU-IND Registration Complete the compliance infrastructure before filing: (a) Open or obtain letter of intent for escrow account with an RBI-authorised bank; (b) Board approve the Information Security Policy, KYC/AML Policy, and Merchant Onboarding Policy; (c) Begin PCI-DSS gap assessment and remediation; (d) Apply for or complete FIU-IND registration under PMLA; (e) Establish the cyber security incident reporting mechanism, including the 2–6 hour breach reporting protocol. This is typically the longest pre-application phase — 2 to 4 months.
4

NOC (if applicable)
Obtain No-Objection Certificate from Existing Regulator If the applying entity is regulated by any other financial sector regulator (SEBI, IRDAI, NHB, PFRDA, etc.), a NOC from that regulator must be obtained before filing on PRAVAAH. The PRAVAAH application must then be filed within 45 days of receiving the NOC — a firm deadline that must be tracked meticulously. Entities not subject to any other sectoral regulation skip this step and proceed directly to PRAVAAH filing.
5

PRAVAAH Portal
Create Account & File Application on PRAVAAH Access the RBI’s PRAVAAH portal (pravaah.rbi.org.in), register a user account for the applying entity using the company’s official email and contact details, and navigate to the Payment Aggregator authorisation application section. Select the correct PA category (PA-O, PA-P, PA-CB, or multiple), fill the application form, upload all supporting documents in the prescribed formats, review for completeness, and submit electronically. PRAVAAH generates an application reference number on submission for all future correspondence and status tracking.
6

RBI Review
RBI Processing — Verification, Query Management & Business Assessment RBI undertakes a multi-layer review: (a) Completeness and format check of all documents; (b) Net worth and capital adequacy verification; (c) Business plan and payment model evaluation; (d) Fit-and-proper verification of all directors and promoters by consulting other regulators, government departments, and databases; (e) Assessment of KYC/AML, IT security, and escrow frameworks. RBI may raise queries through the PRAVAAH portal — responses must be submitted promptly and comprehensively. RBI may also conduct a physical site visit or virtual interview with the management team.
7

In-Principle Approval
Receipt of In-Principle Approval (IPA) Upon satisfactory initial review, the RBI grants an In-Principle Approval (IPA). The IPA is not the final Certificate of Authorisation — it confirms that the application is suitable, subject to fulfilment of specific conditions. During the IPA period (typically 6 months), the entity must complete full PCI-DSS certification, operationalise the escrow account, complete system integration and testing, and demonstrate readiness of the complete merchant onboarding and settlement framework.
8

CoA Granted
Grant of Certificate of Authorisation (CoA) by RBI After all IPA conditions are fulfilled and RBI’s final verification is complete, the Certificate of Authorisation (CoA) is granted under Section 7 of the PSS Act, 2007. The CoA authorises the entity to commence or continue PA operations in the approved category (PA-O, PA-P, PA-CB, or multiple). The entity is then listed on RBI’s publicly accessible directory of authorised Payment Aggregators. Ongoing compliance obligations become immediately and fully applicable from the date of the CoA.

Post-Authorisation Obligations

Ongoing Compliance After the PA License is Granted

The CoA is the beginning of a PA’s compliance journey, not its end. The RBI’s Master Direction, 2025 imposes a structured calendar of ongoing obligations:

Obligation	Frequency	Details
Security Breach Reporting to RBI	2–6 hours	Card data breaches must be reported to RBI within 2–6 hours of detection
Cyber Security Incident Report	Monthly	Monthly report with root cause analysis and preventive actions taken for any security incidents
IT Audit Report to Board Committee	Quarterly	Internal and external IT audit reports submitted to the board’s IT oversight committee
Escrow Compliance Certificate	Quarterly	Certificate from the escrow bank confirming compliance with RBI’s escrow account rules
Net Worth Certificate (Auditor)	Annual	Statutory Auditor certifies continued compliance with ₹15 Cr / ₹25 Cr net worth requirements
PCI-DSS Review	Annual	Full PCI-DSS compliance assessment; share compliance status of payment applications with RBI
Information Security Policy Review	Annual	Board must review and re-approve the Information Security Policy at least annually
Merchant Due Diligence Compliance	Ongoing	Full CDD compliance required for all merchants onboarded after January 1, 2026; transition period until Sept 15, 2026 for pre-Dec 2025 merchants
FIU-IND Reporting	Ongoing	Suspicious Transaction Reports (STRs) and Currency Transaction Reports (CTRs) to FIU-IND per PMLA timelines

Escrow Account Rules: Funds in the escrow account must be used exclusively to settle merchant payments. They cannot be co-mingled with the PA’s own operating funds, used for the PA’s own expenses, or used for Cash-on-Delivery transactions. The escrow account should have credits only from customer payments and bank interest, and debits only for legitimate merchant settlements and prescribed refunds.

Key Operational Norms

Critical Operational Rules Every Authorised PA Must Follow

Merchant agreements

Binding written contracts with all merchants

Every merchant onboarded must be covered by a legally enforceable written agreement detailing settlement timelines, refund policies, chargeback handling, dispute resolution processes, and data storage restrictions (merchants must not store card data).

No marketplace business

Strict separation from e-commerce marketplace

A licensed PA entity cannot simultaneously operate an e-commerce marketplace. Where a PA is part of a group with marketplace operations, the PA entity must be legally and operationally distinct from the marketplace entity — with no cross-contamination of operations or funds.

Merchant KYC tiers

Small and medium merchant due diligence

The 2025 directions classify merchants into two categories: small merchants (physical, turnover below ₹5 lakh, not GST-registered) and medium merchants — with differentiated KYC and onboarding requirements. PAs have until September 15, 2026 to complete updated due diligence for merchants onboarded before January 1, 2026.

Change of control rules

Prior RBI approval for ownership changes

Any takeover, acquisition, or change in management or control of a non-bank PA requires prior RBI approval. The PA must notify RBI within 15 days of becoming aware of any proposed change in ownership or control — and must not complete the change without RBI clearance.

Data localisation

All payment data must be stored in India

Payment data related to Indian transactions must be stored only within India. No customer payment data may be stored or transmitted outside India’s territorial limits without specific RBI permission. This applies to both PA-owned infrastructure and third-party cloud or data processing arrangements.

Grievance redressal

Nodal officer & prescribed turnaround times

Every PA must appoint a nodal officer for complaints and disputes. Failed transaction refunds must be processed within RBI’s prescribed Turn-Around Time (TAT) limits. PAs must publish comprehensive information on merchant policies, privacy policy, and terms & conditions on their websites and mobile apps.

Non-Compliance Consequences

Penalties for Operating Without a License or Violating PA Directions

Prosecution

Unauthorised PA Operations

Operating as a PA without RBI’s Certificate of Authorisation is a criminal offence under Section 7 of the PSS Act, 2007. Unlicensed PAs can be prosecuted, forced to immediately wind down, and required to close all escrow accounts.

₹1 Lakh/Day

Master Direction Contravention

Violation of any provision of the PSS Act or RBI’s Master Direction can attract monetary penalties up to ₹1 lakh per day of continuing violation, in addition to any initial penalty. RBI can also issue a directive to cease specific operations pending compliance.

Account Closure

Missed Deadline (PA-P)

PA-P entities that missed the December 31, 2025 application deadline were required to wind up operations by February 28, 2026 and their banks were directed to close all associated escrow accounts. Operating PA-P business after this date without authorisation compounds the violation.

CoA Cancellation

Serious or Persistent Violations

Persistent non-compliance with KYC/AML obligations, serious data security breaches, escrow mismanagement, or regulatory deception can result in suspension or cancellation of the CoA — permanently ending the PA’s right to operate in the Indian payments ecosystem.

Get Your RBI Payment Aggregator License with Corpzo

From entity incorporation and MoA drafting to net worth certification, PRAVAAH filing, IPA condition fulfilment, and post-CoA annual compliance — Corpzo manages every step of your PA license journey.

✉ reach@corpzo.com ☎ 9999 139 391 ↗ www.corpzo.com

Frequently Asked Questions

Payment Aggregator License — Answers to the Most Common Questions

What is the difference between a Payment Aggregator License and operating a Payment Gateway?

A Payment Gateway provides only the technology layer to route payment data between customer banks and merchant banks — it never takes custody of funds and therefore does not require RBI PA authorisation. A Payment Aggregator actually receives and pools customer payments in a segregated escrow account before settling to merchants. This fund-handling role is what triggers the RBI authorisation requirement under Section 7 of the PSS Act, 2007. If your business model involves collecting funds from customers on behalf of merchants — even temporarily — you are operating as a PA and need a license. Pure technology-only gateways that route payment data without holding funds in a nodal account are not subject to the same licensing requirement.

Can a newly incorporated company with no audited financials apply for the PA license?

Yes — the RBI’s 2025 Master Direction specifically accommodates newly incorporated entities. Such entities do not need audited historical financial statements. Instead, they must submit a certificate from their statutory auditor certifying their current net worth in the RBI-prescribed Annexure 2.1 format, which confirms that the current paid-up capital and reserves — net of deferred tax assets — meet the minimum ₹15 crore threshold. Corpzo helps newly incorporated fintech companies structure their capitalization, engage statutory auditors, and prepare the Annexure 2.1 certificate in the precise format required by the PRAVAAH portal.

Can one entity hold authorisation for all three PA categories (PA-O, PA-P, and PA-CB)?

Yes. An entity can apply for authorisation in multiple PA categories simultaneously. Where a single entity already holds a CoA for one category and wishes to add another (e.g., an authorised PA-O wishing to also operate as PA-P), it must intimate RBI at least 30 days before commencing the additional category. RBI will then issue a revised CoA covering the additional categories. The 2025 Master Direction signals RBI’s intent to move toward a unified single-authorisation framework for entities operating across multiple PA categories — making it operationally easier to consolidate different payment aggregation businesses in a single entity.

How long does the complete RBI PA authorisation process take?

From application submission to grant of the final CoA, the typical total timeline is 6 to 18 months. This breaks down roughly as: PRAVAAH application submission after compliance build-out (2–4 months pre-application); RBI processing from submission to In-Principle Approval, IPA (3–6 months); IPA condition fulfilment and RBI’s final review before CoA (2–6 months). Applications that are complete, well-prepared, and from entities with strong governance frameworks move faster. The most common cause of delay is incomplete applications being returned, requiring refiling — Corpzo’s pre-submission document audit eliminates this risk.

Are foreign-owned companies eligible to apply for a Payment Aggregator License in India?

Yes, provided the entity is incorporated in India as a private or public limited company under the Companies Act, 2013. Foreign ownership of the Indian PA entity is permissible subject to applicable FDI policy rules for the payments sector — the payments sector falls under the automatic route for FDI up to 100% in most cases, subject to sectoral guidelines. The promoters and directors (including foreign nationals) must individually satisfy the fit-and-proper criteria. FEMA provisions apply to all capital flows into and out of the entity. Corpzo advises foreign investors and fintech companies on structuring India-incorporated PA entities with appropriate FDI compliance.

How does Corpzo support the Payment Aggregator License application end-to-end?

Corpzo provides comprehensive, end-to-end PA license support covering: entity incorporation and MoA drafting for PA activity; capital structure and net worth planning with auditor certification (Annexure 2.1); compliance build-out (KYC/AML policy, Information Security Policy, merchant onboarding policy, escrow account setup); PCI-DSS gap assessment roadmap; FIU-IND registration; NOC management with existing regulators; PRAVAAH portal application drafting and filing; RBI query management and response preparation; IPA condition monitoring; and post-CoA annual compliance management. Contact Corpzo at reach@corpzo.com, call +91 9999 139 391, or visit www.corpzo.com to begin your PA license journey.

Payment Aggregator License IndiaRBI PA Authorisation 2025 PA-O PA-P PA-CB RBIPRAVAAH Portal RBI Payment Aggregator Net Worth 15 CroreRBI Master Direction 2025 PSS Act 2007 Section 7Escrow Account Payment Aggregator PCI-DSS Payment Aggregator IndiaFintech License India RBI FIU-IND Registration PACross-Border Payment License India Corpzo Payment AggregatorPhysical POS PA-P License

PA License Experts

✉

reach@corpzo.com

☎

+91 9999 139 391

↗

www.corpzo.com

End-to-end RBI PA license · PRAVAAH filing · Net worth planning · Post-CoA compliance · Pan-India

Quick Reference

RegulatorRBI — DPSS

Legal BasisPSS Act 2007, Sec 7

Master Direction15 Sep 2025

Application PortalPRAVAAH

Entity TypeCompanies Act only

NW at Application₹15 Crore

NW by Year 3₹25 Crore

CategoriesPA-O / PA-P / PA-CB

Breach Reporting2–6 hours to RBI

FIU-INDMandatory for all PAs

Start Your PA License Journey

Corpzo provides end-to-end RBI Payment Aggregator authorisation support — from entity setup to CoA and beyond.

Get Started with Corpzo →

RBI Master Direction 2025 · PA-O / PA-P / PA-CB · PRAVAAH Portal

Ready to Launch Your Payment Aggregator Business in India?

India’s digital payments ecosystem is growing at unprecedented speed. Corpzo’s payment regulatory team navigates every step of the RBI authorisation process — from entity structuring to Certificate of Authorisation — with precision, speed, and zero incomplete submissions.

✉ reach@corpzo.com ☎ +91 9999 139 391 ↗ www.corpzo.com

Trusted fintech compliance advisors · End-to-end RBI PA license support · Free initial consultation · Pan-India

Waste Management Laws and Rules in India: A Simple Guide for Businesses