Any business that pools customer payments for merchants is a payment aggregator in the RBI’s eyes, and needs authorisation to operate. The bar covers capital, escrow management, merchant KYC and hard technology security standards.
Krishna TaxNova prepares payment aggregator applications with the completeness the RBI demands: net worth certification, escrow architecture, cybersecurity audit trails and governance dossiers, then manages the long engagement with the regulator.
What is Payment Aggregator License?
Under the RBI’s PA/PG guidelines, non bank payment aggregators require authorisation with minimum net worth of fifteen crore rupees at application (twenty five crore within the prescribed period). Obligations include an escrow account for merchant funds with defined debit and credit rules, merchant onboarding KYC, no storage of card data except tokenised forms, PCI DSS compliance and periodic system audits. Separate authorisations now cover offline and cross border aggregation.
Who Should Apply for Payment Aggregator License?
- Fintechs aggregating online payments for merchants
- Platforms and marketplaces handling seller settlements
- Offline POS aggregators covered by the extended framework
- Cross border collection platforms (PA-CB route)
Benefits of Payment Aggregator License
Lawful Payments Business
Authorisation is the license to touch merchant money at scale.
Bank and Network Access
Acquiring partnerships open properly only to authorised PAs.
Enterprise Merchant Trust
Large merchants contract only with RBI authorised aggregators.
Defined Fund Flow Rules
Escrow norms give a clear operating blueprint for settlements.
Strategic Value
Authorised payment entities command premium strategic interest.
Documents Required for Payment Aggregator License
Keep these documents ready. You can upload them using the form on this page or send them to us on WhatsApp.
- Incorporation documents and net worth certificates
- Promoter and director fit and proper dossiers
- Business model and merchant onboarding policy
- Escrow arrangement and fund flow documentation
- PCI DSS and cybersecurity audit reports
- Board approved policies: KYC, grievance, data security
- Five year financial projections
Step by Step Process for Payment Aggregator License
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Step 1: Gap Assessment
Capital, technology and policy readiness are audited against the guidelines.
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Step 2: Remediation
Net worth, escrow setup, security certifications and policies are completed.
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Step 3: Application Filing
The authorisation application with full annexures is submitted to the RBI.
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Step 4: Regulator Engagement
Clarifications, presentations and inspections are managed through the review.
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Step 5: Authorisation and Operations
On approval, reporting and audit calendars keep the license healthy.
Payment Aggregator License at a Glance
Estimated Timeline
9 to 18 months including RBI processing
Governing Authority
Reserve Bank of India (RBI), DPSS
Validity
Ongoing, subject to conditions
Government Fees
Net worth of 15 crore at application, 25 crore thereafter
Why Choose Krishna TaxNova for Payment Aggregator License?
PA applications die of incompleteness, a missing audit, an escrow term sheet that contradicts the guidelines. Our file assembly is exhaustive, and our regulator responses are fast and precise.
CA Led Team in Delhi
Your work is handled by a qualified Chartered Accountant team, not a call center. You get correct advice the first time.
Upload Documents Online
Share everything from your phone or laptop. Use the secure upload form on this page or simply WhatsApp us your documents.
Transparent Pricing
You approve a clear quote before we start. No hidden charges at any stage.
End to End Support
From document collection to final approval and post registration compliance, one team stays with you throughout.
Payment Aggregator License: Frequently Asked Questions
Does a marketplace settling seller payments need this license?
Platforms pooling buyer funds before settling sellers generally fall within aggregation and need authorisation or a compliant exemption structure. We analyse your fund flows and give a definitive answer.
What is the difference between a gateway and an aggregator?
Pure gateways provide technology without handling funds and remain outside authorisation; aggregators touch the money. The moment funds route through you, the licensing question is live.
Can we operate while the application is pending?
Entities that applied within the RBI's windows have operated under specific transitional dispensations; new entrants must be authorised first. We advise the lawful interim structure for your case.
What ongoing obligations follow authorisation?
Escrow reconciliation and reporting, net worth maintenance, annual system audits, merchant KYC refresh and incident reporting. Our compliance retainer runs the full calendar.
How long does Payment Aggregator License take?
In most cases the work is completed in 9 to 18 months including RBI processing. The exact time depends on how quickly documents are shared and on processing time at the department. We keep you updated at every stage.
What documents are needed for Payment Aggregator License?
The key documents include incorporation documents and net worth certificates, promoter and director fit and proper dossiers, business model and merchant onboarding policy, escrow arrangement and fund flow documentation. Our team shares a simple checklist after the first call so nothing is missed.
Can I complete Payment Aggregator License fully online?
Yes. The entire process is online. Fill the form on this page, upload your documents or WhatsApp them to us, and our experts handle the filings. You do not need to visit any office.
Which authority handles Payment Aggregator License?
Payment Aggregator License falls under Reserve Bank of India (RBI), DPSS. Krishna TaxNova prepares and files your application in the required format and responds to any queries raised by the department.
What is the validity of Payment Aggregator License?
The validity is ongoing, subject to conditions. We send renewal and compliance reminders in advance so you never miss a due date.
Do you provide Payment Aggregator License outside Delhi?
Yes. We are based in Delhi and serve clients across India. Since the process is fully online, your location does not matter. Documents can be shared through the website or WhatsApp.
Get Payment Aggregator License Done by Experts
Fill in your details, upload your documents online or send them on WhatsApp. A qualified CA will review your case and call you back with the exact steps and a fixed quote.