RBI PA-PG authorisation: what payment aggregators need to prepare

India's payment aggregator framework requires non-bank entities that handle merchant funds to obtain RBI authorisation. Preparation is the single biggest factor in how smoothly an application progresses.

Key preparation areas

Applicants should plan their net-worth position, fit-and-proper documentation for directors and promoters, an escrow banking arrangement, merchant onboarding and KYC policies, and data-storage controls aligned with RBI directions.

Common pitfalls

Incomplete ownership disclosures, weak merchant due-diligence procedures and unclear settlement flows are frequent reasons for follow-up queries. A clear regulatory business plan avoids many of these.

How we help

We map eligibility, draft the application pack, design compliance policies and support the engagement with RBI through to authorisation.