Milestone Moment: PayG Secures RBI License for Offline and International Payment Aggregation

PayG Secures RBI Approval for Offline and Cross-Border Payment Aggregation A Key Milestone in Its Payment Journey Hyderabad based fintech firm PayG has achieved a significant milestone by securing RBI approval to function as both an Offline and Cross Border Payment Aggregator. This recognition positions PayG as one of the few players in India with a comprehensive license portfolio, strengthening its role in the evolving digital payments ecosystem.

Key Highlights

• Regulatory Approval: RBI’s nod allows PayG to facilitate offline (in-person) and international transactions.
• Comprehensive Licensing: With this, PayG completes its Payment Aggregator (PA) license suite, covering online, offline, and cross-border payments.
• Global Reach: Enables Indian merchants to accept payments from international customers, boosting cross-border trade.
• Offline Enablement: Supports digital payments in areas with limited internet connectivity, enhancing financial inclusion.
• Strategic Growth: Positions PayG as a trusted partner for businesses, offering secure, compliant, and versatile payment solutions.
• Industry Impact: Strengthens India’s fintech ecosystem by aligning with RBI’s vision of safe and transparent digital transactions.

This approval marks a transformative step in PayG’s journey, reinforcing its ambition to become a global payment solutions leader while supporting India’s digital economy.

Sources: The Print, India IPO, The Tribune, The Bengal