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PayU Secures RBI Approval for Comprehensive Payment Aggregator License

Banking/Finance

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Published on 18th November 2025, 9:11 AM

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Author

Abhay Singh | Whalesbook News Team

Overview

PayU has received final approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator. This comprehensive license covers online, offline, and cross-border transactions, allowing PayU to offer end-to-end payment acceptance and settlement services. The authorization under the Payment and Settlement Systems Act reinforces PayU's strategy to expand as a full-stack payments provider and strengthens its market position, especially in omni-channel and international payment solutions.