Mumbai-based airpay Payment Services has reached a major milestone in India’s fintech space. The company has secured all three licences from the Reserve Bank of India (RBI) required to operate as a full-scale payment aggregator. This achievement allows airpay to manage online payments, offline transactions through POS and QR systems, and even cross-border payments for international clients. Simply put, airpay can now serve businesses of all sizes with a complete suite of payment solutions. This step strengthens its position in India’s fast-growing digital payments ecosystem and provides a one-stop solution for merchants looking to expand both domestically and internationally.
What These Licences Mean
The three licences cover different aspects of payment processing. The online payments licence allows airpay to handle transactions made through websites and mobile applications. This is crucial as e-commerce continues to grow rapidly in India. The offline payments licence enables airpay to accept payments at physical stores using POS machines or QR codes, making it easier for retailers and small businesses to adopt digital payments. Finally, the cross-border payments licence allows Indian businesses to receive money from customers abroad, facilitating exports and global transactions. With all three licences, airpay becomes a “full-stack” payment aggregator, capable of supporting any kind of payment a merchant might need.
Benefits for Businesses and Merchants
For Indian businesses, this milestone brings significant advantages. Companies now have access to a single platform that can manage all their payment needs, eliminating the need to use multiple service providers. Small shops, online stores, exporters, and D2C brands can all benefit from airpay’s comprehensive infrastructure. The cross-border licence is particularly important for companies aiming to reach international customers, as it simplifies compliance and ensures smooth transactions. Merchants can now focus on growing their business rather than worrying about payment systems or regulatory hurdles. By combining online, offline, and international payment capabilities, airpay empowers businesses to operate seamlessly across different markets.
airpay’s Growth Plans and Impact
With these licences in hand, airpay plans to increase its payment processing volumes by 30 to 40 percent over the next year. The company also aims to generate more than 20 percent of its revenue from cross-border transactions, reflecting a growing trend of Indian businesses expanding globally. Airpay expects to onboard over 50,000 new merchants in this period, including small and medium enterprises, e-commerce brands, and exporters. The company describes itself as a homegrown full-stack payments infrastructure provider, positioning itself as a reliable partner for businesses navigating India’s rapidly evolving digital economy.
This milestone also reflects broader trends in India’s fintech landscape. Digital payments are becoming the norm, not the exception, and the regulatory framework is evolving to support this growth. Companies like airpay, with full RBI approvals, play a critical role in enabling safe, reliable, and efficient payment solutions. By providing a one-stop platform for online, offline, and cross-border payments, airpay is helping businesses grow while contributing to the country’s digital economy.