FinTech PayG secures RBI approval to operate as Payment Aggregator

By Gloria Methri

PayG, a Hyderabad-based FinTech company, has received authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA). This approval marks a significant advancement in PayG’s mission to provide secure and inclusive digital payment solutions across India.

With the RBI licence, PayG is now fully authorised to offer seamless and compliant digital payment services to its growing network of merchants and consumers. The company aims to build a future-ready payment ecosystem that is inclusive, scalable, and focused on empowering India’s micro, small, and medium enterprises (MSMEs).

PayG offers over 120 payment options, including credit cards, debit cards, net banking, and wallets, ensuring smooth and accessible transactions for businesses of all sizes. The company’s user-friendly and affordable payment solutions are designed to help small businesses—from street vendors to local retailers—join the digital revolution.

In addition to its core services, PayG is actively advancing its partnership with the Open Network for Digital Commerce (ONDC). Following a successful trader onboarding drive in Pune, the company plans to replicate this initiative in key markets across India, simplifying digital commerce entry for MSMEs.

Commenting on the achievement, Kamal Manohar Jangeti, Chairman of PayG, stated, “Receiving the RBI’s authorisation is a moment of great pride for us. It underscores our commitment to regulatory compliance, transparency, and innovation in the FinTech sector. We deeply appreciate the trust placed in us and remain dedicated to empowering businesses across India to thrive in the digital era.”

Founded in 2020, PayG has partnered with over 1,000 small and medium-sized merchants and more than 50 enterprise clients. The company’s commitment to regulatory compliance, transparency, and innovation underscores its dedication to supporting India’s digital economy.

This development positions PayG among a growing list of RBI-authorised payment aggregators, contributing to the formalisation and expansion of India’s digital payment ecosystem.