BharatPe Gets RBI Nod For Payment Aggregator License

The Reserve Bank of India has officially approved Resilient Payments, part of the BharatPe Group, to operate as an online payment aggregator (PA).

The company will launch this service under the brand name ‘BharatPe X'.

A PA licence allows companies to handle online payments for e-commerce businesses and brings them under RBI rules. It also lets them offer early settlements (short-term credit) to some merchants and work with NBFCs and banks to provide loans.

This approval comes over two years after RBI gave its initial nod in January 2023.

The company plans to expand its payment services to more merchants, grow its reach in Tier 2 and 3 cities, and invest in advanced technology to support this growth.

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“This final authorisation is not just a milestone but a responsibility we take seriously. It speaks to the strength of the governance practices and operational frameworks we’ve put in place over the years,” said, Nalin Negi, CEO of BharatPe.

“We're looking to broaden our footprint across high-potential markets, enhance our product suite and bring more innovation to how businesses accept and manage digital payments,” said Sandeep Indurkar, CEO of Resilient Payments. “The focus now is on execution—building with intent, speed and reliability.”

In 2022, RBI had restricted some payment aggregators like Paytm, Razorpay, Cashfree, and PayU from adding new merchants. Those restrictions are now gradually being lifted.

About BharatPe 

BharatPe runs a full fintech platform covering payments, loans and investments. It serves over 1.3 crore merchants in 450+ cities, handles 450 million UPI transactions monthly and processes Rs 29,000 crore annually through its POS business.

BharatPe Money has also helped disburse loans worth over Rs 18,000 crore via NBFC partners.

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