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RBI Grants Approval to Easebuzz for Online Payment Aggregator Operations.

Banking & Finance | Dated: 15 Feb 2025

In February 2025, the Reserve Bank of India (RBI) granted approval to Pune (Maharashtra)-based Easebuzz Private Limited, a digital payment solution provider, to operate as an Online Payment Aggregator (PA) for facilitating secure digital transactions.

🎯 Key Highlights:

  • - This approval allows Easebuzz to continue as an authorized payments platform, enabling it to process online transactions for Indian businesses across multiple sectors, including e-commerce, travel, tourism, education, and real estate.
  • - With this approval, Easebuzz joins the ranks of Razorpay, MSwipe, Google Pay (GPay), Cashfree, Zomato, CC Avenue, and Innoviti Payments, which have also secured Payment Aggregator (PA) licenses from the RBI.

💡 Other Important Facts:

  • (i) Earlier, Easebuzz expanded into B2B (business-to-business) payments and launched an invoice management and payments platform in collaboration with the National Payments Corporation of India (NPCI) Bharat BillPay (NBBL).
  • (ii) Easebuzz has also been certified as a Biller Operating Unit (BOU) under Bharat Connect (formerly known as Bharat Bill Payment System, BBPS).
  • (iii) A PA license allows companies to handle e-commerce transactions, offer early settlements to select merchants, and provide credit in the form of term loans in partnership with Non-Banking Financial Companies (NBFCs) and banks.

📚 Test Your Knowledge:

Which company recently received RBI's approval to operate as an Online Payment Aggregator?

Correct Answer: Easebuzz

🚀 Quick Recap:

About RBI

  • Governor : Sanjay Malhotra
  • Headquarter : Mumbai