PayG secures RBI Payment Aggregator license

Payment gateway PayG has been granted the Payment Aggregator License by the Reserve Bank of India (RBI). This represents a major step forward in PayG’s mission to create a secure, inclusive, and innovation-led payment infrastructure for India’s digital economy. 

With the license in hand, the startup is now fully authorized to continue delivering seamless and compliant digital payment solutions to its expanding network of merchants and consumers, PayG said in a press release.

According to PayG, this license solidifies its aim to build a future-ready payment ecosystem that’s inclusive, scalable, and relentlessly focused on empowering India’s economic backbone—its micro, small, and medium enterprises (MSMEs). 

PayG is laser-focused on transforming the digital journey for MSMEs and retailers. By offering user-friendly, secure, and affordable payment solutions, the platform is helping small businesses—from street vendors to local retailers. 

The Hyderabad-based startup is also actively advancing its partnership with ONDC (Open Network for Digital Commerce). 

PayG plans to invest  in product upgrades, advanced security frameworks, and feature-rich tools designed specifically for MSMEs and retailers. Its upcoming products include Advanced analytics to help merchants make smarter decisions, seamless credit facilitation services, integration with popular business platforms for end-to-end solutions, and easy-to-use payment experience tailored to small businesses.

Founded in 2020, PayG is a  payment gateway that claims to have  partnered with over 1,000 SMB merchants and more than 50 enterprise clients. It features over 120 payment options which include various banks’ credit cards, debit cards, net banking, and wallets to accept payment easily.