Mswipe Secures RBI Approval For Payment Aggregator Licence

Mswipe Technologies announced on December 22 that it has received the Reserve Bank of India’s final Payment Aggregator (PA) licence. The approval allows the company to operate across both online and physical payment acceptance channels under a unified regulatory framework.

With this licence, Mswipe can onboard merchants and aggregate customer payments across digital and in-person modes. The move marks a significant milestone in the company’s evolution from a point-of-sale provider to a full-stack payments infrastructure firm.

Scope Of The Licence And Capabilities

The PA licence enables Mswipe to facilitate inward and outward cross-border payments, strengthening its end-to-end payment capabilities. Merchants will now have access to integrated solutions for card-based, QR, and online transactions through a single platform.

The authorisation places Mswipe among a select group of fintech firms that have secured full regulatory clearance to operate as payment aggregators. This development aligns the company’s omni-channel offerings under RBI oversight, ensuring compliance and operational transparency.

Transition To A Full-Stack Payments Platform

Mswipe’s approval reflects its strategic transition from a predominantly PoS device provider to a comprehensive payments infrastructure company. Its platform currently supports merchants with MPOS and smart PoS terminals, QR soundboxes, payment gateways, and embedded digital payment services.

By combining offline and online solutions, Mswipe aims to deliver seamless payment experiences for businesses of all sizes. The licence further enhances its ability to offer secure and scalable payment solutions across diverse merchant categories.

Company Background And Market Presence

Founded in 2011 and headquartered in Mumbai, Mswipe Technologies operates across more than 600 cities in India. The company has built a strong presence in the merchant payments ecosystem through innovative products and partnerships.

Its investor base includes Alpha Wave Global, Matrix Partners, B Capital, DSG Consumer Partners, Epiq Capital, UC-RNT, and Ola. With the PA licence, Mswipe is positioned to expand its reach and strengthen its role in India’s rapidly growing digital payments market.

Read More: RBI Authorises Paytm Payments Services to Operate as Payment Aggregator for Offline and Cross-Border Transactions.

Conclusion

The RBI’s approval of Mswipe as a Payment Aggregator marks a pivotal step in the company’s growth journey. By enabling omni-channel payment acceptance and cross-border transactions, the licence enhances Mswipe’s ability to serve merchants with integrated solutions.

The move underscores the regulator’s focus on strengthening compliance and security in India’s payments ecosystem. For Mswipe, this milestone reinforces its commitment to innovation and leadership in digital financial services.

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