Payment Gateway Aggregator Solutions
A payment aggregator is a third-party service that facilitates payments for customers and enables businesses (merchants) to accept them online.
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What is a Payment Aggregator (PA)?
A payment aggregator is a third-party service that facilitates payments for customers and enables businesses (merchants) to accept them online.
It acts as a comprehensive payment platform that allows businesses to accept payments through numerous methods, such as:
In India, payment aggregators must obtain a license from the Reserve Bank of India (RBI) to onboard merchants and provide them with the necessary tools and systems to accept and manage digital payments. This function is regulated under the "Guidelines on Regulation of Payment Aggregators and Payment Gateways" (2020), which came into effect on March 31, 2021.
Eligibility Criteria
Only companies registered in India under the Companies Act, 2013, can apply.
Proprietorships and partnership firms are not eligible.
The company must have a minimum net worth of Rs. 15 crore at the time of application.
It must increase to Rs. 25 crore within 3 years of getting the license.
The company's promoters and directors must be fit and proper, meaning they should have a clean track record, no criminal cases, and must be financially sound.
The company must have a safe and secure IT system to process online payments.
It should follow RBI's cybersecurity guidelines and data protection rules.
The company must have a clear business model and plans to handle online payments safely and efficiently.
Documents Required
Registration Process
Register Your Company
To apply for a Payment Aggregator license, you must first register your business as a private limited company under the Companies Act, 2013. Only Indian companies are allowed to apply. Sole proprietorships, partnership firms, or LLPs are not eligible. If you already have a company set up, you can move to the next step.
Meet the Net Worth Requirement
The Reserve Bank of India has set a minimum net worth limit of Rs. 15 crore at the time of application. This means your company's total assets (minus liabilities) must be at least Rs. 15 crore. Additionally, you must increase your net worth to Rs. 25 crore within 3 years after getting the license. A Chartered Accountant must certify your net worth through proper financial documents.
Prepare Important Documents
You will need to collect and submit several important documents with your application. These include your Certificate of Incorporation, PAN, MOA & AOA of the company, board resolution, and KYC documents of directors and promoters. You must also submit a net worth certificate issued by a CA, a detailed business model, and your company's IT and data security policies.
Set Up Secure IT Infrastructure
Since you'll be handling online transactions, your company must have a safe and secure technology system. You need to follow RBI's rules on cybersecurity, data storage, and customer data protection. You should also have systems in place for fraud detection, risk management, and grievance redressal for customers.
Apply to the RBI
Once everything is ready, you need to submit your application to the RBI through their COSMOS portal or in the format prescribed by the RBI. Along with the application, upload all the required documents and declarations. Make sure everything is accurate and complete.
Wait for RBI Review and Approval
After submission, the RBI will review your application. They may ask for additional documents or clarifications. If your company meets all the conditions and passes the due diligence, the RBI will grant the Payment Aggregator license. This process may take a few months, so be prepared for some waiting time.
Fees & Charges
| Fee Component | Amount |
|---|---|
| RBI Application Fee | 0 (RBI does not charge any direct application or registration fee) |
| Legal & Compliance Consultation | 2,00,000 - 5,00,000 (Includes consultant fees for license application, policy drafting, etc.) |
| Chartered Accountant Services | 50,000 - 1,00,000 (For net worth certificate, audited financials, and ITRs) |
| PCI-DSS Certification | 1,50,000 - 4,00,000 (Mandatory for secure card data handling) |
| VAPT & Security Audits | 50,000 - 1,50,000 (Required to assess technical vulnerabilities) |
| IT & Infrastructure Setup | 1,00,000 - 5,00,000+ (Includes API integration, server, and data localization setup) |
| Policy & Document Preparation | 50,000 - 1,00,000 (Includes Information Security, BCP/DR, Risk & Fraud Management policies) |
| Grievance Redressal Setup | 25,000 - 75,000 (For systems and personnel to handle customer complaints) |
| Minimum Net Worth Requirement | 15 crore (25 crore within 3 years) (As per RBI guidelines, it must be shown via audited documents) |
Key Advantages
Debit Cards
Debit Cards
Credit Cards
Credit Cards
Digital Wallets
Digital Wallets
Bank Transfers
Bank Transfers
Cardless EMIs
Cardless EMIs
Frequently Asked Questions
Why Choose Us?
Expert Professionals Team
Qualified Chartered Accountants and Company Secretaries handle your filing.
Fast Processing
Quick turnaround with dedicated support at every step.
Transparent Pricing
No hidden charges. Know exactly what you pay for.
100% Data Security
Your documents and data are encrypted and confidential.
Trusted by Thousands
Thousands of businesses registered successfully.
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