PayU, an online payments services provider, has received the final authorization from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator.
In April 2024, the RBI issued in-principle approval to PayU to operate as a payment aggregator, enabling it to begin onboarding new merchants onto its platform. In January 2023, the RBI had asked the fintech company to reapply for a payment aggregator licence.
So far in 2025, the RBI has issued final approval to nine companies to operate as online payment aggregators. The fintech firm joins a list of over 50 online payment aggregators, which includes players such as Cashfree Payments, Razorpay, CCAvenue, BillDesk, among others.
“We are happy to announce that PayU Payments Pvt. Ltd. has received the final authorization from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator under the Payment and Settlement Systems Act, 2007. We are grateful to the RBI for granting us the opportunity to be a responsible contributor to India’s payments ecosystem. As we move forward, we remain dedicated to building a resilient, compliant, inclusive, and innovation-driven institution—one that serves merchants of all sizes and contributes meaningfully to the Digital India vision of the RBI and the Government. We sincerely thank our partners, merchants, employees, customers, and all other stakeholders for their continued trust and support,” said a PayU Spokesperson.
PayU Payments, a digital financial services provider with Prosus as an investor, operates businesses that are regulated by the Reserve Bank of India and offers advanced solutions to meet the digital payment requirements of the Indian market. PayU India companies aim to create a full-stack digital financial services platform to serve all (tapped and untapped) financial needs of customers (e-commerce brands, banks and consumers) through technology solutions.
PayU Payments provides payment gateway solutions to online businesses through its cutting-edge and award-winning technology and has empowered 5 lakhs+ businesses. It enables businesses to collect digital payments across 150+ online payment methods such as Credit Cards, Debit Cards, Net Banking, EMIs, QR, UPI, Wallets, and more.
