Hyderabad-based PayG has secured the final Payment Aggregator (PA) license from the Reserve Bank of India (RBI), joining an elite group of fintech firms officially cleared to operate digital payment platforms in India. This regulatory green light is a big leap for PayG’s mission to empower micro, small, and medium enterprises (MSMEs) with secure and seamless payment solutions.
What the RBI License Means for PayG and Merchants
With this license, PayG can now legally offer a full suite of digital payment services—credit and debit card acceptance, net banking, wallet integrations, and more—while staying fully compliant with India’s evolving payments regulations. The move is especially significant as the RBI tightens oversight on payment aggregators, ensuring only credible and compliant players serve India’s rapidly digitizing economy.
Focus on MSMEs: India’s Economic Backbone
PayG’s primary focus is on MSMEs, which form nearly a third of India’s GDP. The company’s platform is designed to be user-friendly, secure, and affordable, making digital payments accessible for everyone—from street vendors to local retailers. PayG currently serves over 1,000 small and medium merchants and more than 50 enterprise clients, offering 120+ payment options with a transparent, no-hidden-fees pricing model.
Receiving the RBI’s authorization is a moment of great pride for the company. It underscores their commitment to regulatory compliance, transparency, and innovation in the fintech sector.
Innovation and Expansion: Tech-First Approach
PayG is not stopping at payments. The company is investing in advanced analytics tools, seamless credit facilitation, and easy integrations with popular business platforms. These features are tailored to help small businesses make smarter decisions, manage operations, and access working capital.
- Advanced analytics for actionable business insights
- Credit facilitation for MSMEs’ capital needs
- Seamless integrations for back-office efficiency
- Robust security and multi-layered encryption for safe transactions
Partnership with ONDC: Expanding Digital Reach
PayG is deepening its partnership with the Open Network for Digital Commerce (ONDC), India’s flagship initiative to democratize e-commerce. After a successful trader onboarding drive in Pune, PayG plans to replicate this model across other urban and semi-urban markets, making it easier for merchants with limited tech exposure to join the digital economy.
Localised Support and Merchant Education
To ensure smooth digital adoption, PayG is running outreach programs and events that help merchants understand and use digital payments confidently. The company’s support team offers guidance at every step, from onboarding to daily operations.
The Road Ahead: Digital Ally for India’s Merchants
With the RBI’s backing, PayG is set to accelerate its product development and merchant support. The company’s vision is clear: to be more than just a payments provider, but a true digital ally for India’s merchants—helping them grow, compete, and lead in the new economy.
Why PayG’s RBI Approval Matters
- Regulatory trust: RBI’s nod signals PayG’s credibility and compliance
- Empowering MSMEs: Affordable, transparent, and secure payments for small businesses
- Driving digital India: Supporting the government’s push for formalization and digitization of MSMEs
- Innovation-first: Advanced tools and integrations tailored for Indian retailers
PayG’s journey is a testament to India’s fintech evolution—where homegrown companies are building inclusive, future-ready solutions for the country’s economic backbone.