PayU Secured RBI Nod as an Online, Offline, and Cross-Border Payment Aggregator

PayU has received integrated authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator for online, offline and cross-border transactions. The approval falls under the Payment and Settlement Systems Act and includes permission for both inward and outward international payments. This gives the company a single licence covering a wider set of payment services. 

Scope of the Authorisation 

Under this approval, PayU can provide payment acceptance and settlement services for digital and physical merchants, along with cross-border payment support. The company stated that it will continue to run its systems in line with regulatory expectations. The RBI has not released detailed conditions linked to the authorisation. 

Coverage Across Payment Methods 

PayU processes payments through multiple channels, including cards, net banking, UPI, wallets, QR options and EMI facilities. Company data indicates that over 4.5 lakh merchants currently use its platform for digital collections. These merchants range from larger enterprises and online retailers to smaller businesses operating across different sectors. 

Cross-Border and Domestic Payments 

The new authorisation enables PayU to handle domestic and international flows under the same regulatory structure. This includes support for settlement services on both sides of cross-border transactions. The company also participates in India’s affordability segment, offering access to EMI and pay-later products through a wide network of issuers. 

Company Profile and Operations 

PayU runs several businesses regulated by the RBI and is backed by Prosus. It continues to offer payment gateway services for online transactions and provides integrations for more than 100 payment methods. According to the company, the goal is to maintain transparent and compliant operations as it expands the range of services allowed under the new approval. 

Read More: Pine Labs Becomes First Payment Aggregator to Obtain All 3 RBI Payment Licences! 

Conclusion 

The RBI’s integrated authorisation allows PayU to manage domestic digital payments, physical merchant transactions and cross-border payments within one framework. The development brings all three categories under a single regulated structure for the merchants using its services. 

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