Payment Gateway Aggregator Solutions
Apply for Your Payment Aggregator License in India
Get expert guidance to obtain your RBI-compliant Payment Aggregator (PA) license, avoid penalties, and launch secure digital payment solutions efficiently with Tax Pal Solutions.
Core Services
| Service | Description |
|---|---|
| Eligibility & Compliance Assessment | Verify your business readiness and compliance with RBI guidelines |
| Documentation & Application Filing | End-to-end support for preparing and submitting PA license documents |
| Tech Infrastructure & Security Guidance | Ensure secure IT setup, PCI-DSS compliance, and data localization |
| Regulatory Liaison & RBI Response Handling | Professional assistance for queries, clarifications, and approvals |
| Full-Scope Licensing Support | Guidance throughout the licensing process from start to finish |
Customer Ratings:
| Platform | Rating | Reviews |
|---|---|---|
| 4.6 / 5 | 6,333 | |
| Trustpilot | 4.0 / 5 | 1,907 |
What is a Payment Aggregator (PA)?
A Payment Aggregator is a third-party service that enables businesses to accept payments online through multiple channels such as:
- Debit Cards & Credit Cards
- UPI & Bank Transfers
- Digital Wallets
- Cardless EMIs & E-mandates
In India, all PAs must obtain a Reserve Bank of India (RBI) license to legally onboard merchants and facilitate secure digital payments.
Types of Payment Aggregators in India
| Type | Description | Pros | Cons |
|---|---|---|---|
| Bank Payment Aggregator | Operated directly by banks; no separate RBI approval required | Reliable, bank-backed | Higher setup costs, limited value-added services |
| Third-Party Payment Aggregator | Non-bank entities authorized by RBI | Affordable, easy integration, advanced analytics | Must meet RBI compliance requirements |
Examples: Razorpay, Cashfree, PayU, Instamojo, Pine Labs, CCAvenue
Payment Aggregator vs Payment Gateway
| Feature | Payment Aggregator | Payment Gateway |
|---|---|---|
| Function | Collects payments on behalf of multiple merchants | Transfers payment data securely |
| Merchant Account | Not required individually | Requires dedicated merchant account |
| Role | Onboards merchants, settles payments, provides infra | Acts as a tech interface for transactions |
| Regulation | Requires RBI license | No RBI license; must comply with IT Act & PCI-DSS |
| Example Activities | Merchant onboarding, settlements, KYC | Transaction encryption, verification, routing |
| Examples | Razorpay, Cashfree, Paytm | CCAvenue, BillDesk, PayU (gateway mode) |
How Payment Aggregators Work
- Merchant Registration: Business signs up and a nodal account is created with a bank.
- Customer Makes Payment: Payment info encrypted and verified for fraud.
- Transaction Routing: Aggregator forwards info to bank → card network → customer bank.
- Bank Approval: Customer bank approves/declines transaction.
- Funds Settlement: Aggregator transfers lump-sum to merchant at end of day or via instant settlement.
Note: UPI and wallet transactions are confirmed in real-time by the Payment Service Provider (PSP).
Eligibility Criteria for RBI Payment Aggregator License
| Criteria | Requirement |
|---|---|
| Company Type | Indian company registered under Companies Act, 2013 |
| Minimum Net Worth | Rs. 15 crore at application, Rs. 25 crore within 3 years |
| Promoters & Directors | Fit & proper, clean track record, financially sound |
| Technology Setup | Secure IT infrastructure, PCI-DSS compliant, data localization |
| Business Plan | Clear operational model with risk & fraud management policies |
Documents Required
| Category | Key Documents |
|---|---|
| Corporate | Certificate of Incorporation, MoA & AoA, PAN, Board Resolution |
| Directors | PAN & Aadhaar, DIN, Photographs, Fit & Proper Declaration |
| Financial | Audited Balance Sheets (3 yrs), Net Worth Certificate, ITRs, Bank Statements |
| Business | Detailed Business Plan, Merchant List, Risk Management Framework |
| Technical | IT Architecture, PCI-DSS Certificate, BCP/DR Policies, API Docs, Security Policies |
Step-by-Step Licensing Process
| Step | Description |
|---|---|
| 1 | Register your company as a Private Limited entity in India |
| 2 | Meet minimum net worth (Rs. 15 crore) and get CA certification |
| 3 | Prepare and collect all corporate, financial, and technical documents |
| 4 | Set up secure IT infrastructure and risk management systems |
| 5 | Submit application to RBI via COSMOS portal or prescribed format |
| 6 | Wait for RBI review, clarifications, and approval |
Cost of Obtaining a Payment Aggregator License
| Component | Estimated Cost (INR) | Notes |
|---|---|---|
| RBI Application Fee | 0 | No direct fee charged by RBI |
| Legal & Compliance | 2,00,000 – 5,00,000 | Consultation, policy drafting, filing |
| Chartered Accountant Services | 50,000 – 1,00,000 | Net worth certificate, audited statements |
| PCI-DSS Certification | 1,50,000 – 4,00,000 | Mandatory for secure card handling |
| VAPT & Security Audits | 50,000 – 1,50,000 | Technical vulnerability checks |
| IT & Infrastructure | 1,00,000 – 5,00,000+ | API integration, server setup, data localization |
| Policy & Document Prep | 50,000 – 1,00,000 | Risk & fraud, Information Security, BCP/DR |
| Grievance Redressal | 25,000 – 75,000 | Setup personnel and systems |
| Minimum Net Worth | 15 crore | Must increase to 25 crore within 3 years |
Compliance Requirements
Regulatory: RBI guidelines, regular reporting, merchant KYC, grievance officer appointment
Technical: PCI-DSS certification, data localization, VAPT, encryption & tokenization
Operational: Nodal account maintenance, risk management framework, Business Continuity & Disaster Recovery plan
RBI Payment Aggregator License – Post-License Obligations
- Ongoing regulatory reporting
- Periodic audits and inspections
- Maintaining IT and security infrastructure
- Renewal and review as per RBI directives
Tax Pal Solutions helps Indian businesses navigate the entire Payment Aggregator licensing process, ensuring full RBI compliance, operational security, and smooth onboarding of merchants, so you can launch your digital payment solution with confidence.
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