SMPL
New Delhi [India], July 3: SabPaisa (SRS Live Technologies Private Limited), a leading payment solutions provider, announced that it has received final approval from the Reserve Bank of India (RBI) to function as a payment aggregator (PA) under the Payment and Settlement Systems Act 2007.
This approval cements SabPaisa's position as a leading player in India's fintech industry, allowing it to offer comprehensive payment aggregation services to merchants across the country. Since its inception in 2016, SabPaisa has championed the simplification of payments, offering innovative payment gateway solutions and related products such as payments and subscriptions. By prioritizing merchant-friendly solutions and investing in research, product development and technology, SabPaisa equips businesses with a consolidated and seamless payment experience.
Pathikrit Dasgupta, CEO, SabPaisa, commented: "Achieving final approval from the RBI marks a significant milestone for SabPaisa. It underlines our unwavering dedication to excellence and reinforces our aspiration to emerge as a premier fintech entity in India. "We are prepared to seize this opportunity to offer unparalleled solutions, ensuring our competitiveness and future resilience."
Introduced in March 2020, the RBI's payment aggregation framework mandates that only authorized entities can provide payment aggregation services to merchants. This means that SabPaisa has now joined the likes of Juspay, Razorpay, Stripe, neo-bank Open and others in receiving the RBI's nod for a payment aggregator authorisation.
SabPaisa has seen remarkable growth in the last two financial years, witnessing a two-fold increase in revenue and forecasting the same for 2024-25. Headquartered in New Delhi with operational presence across the country, SabPaisa is trusted by thousands of merchants, including major corporates, banks and government institutions.
By obtaining this final approval, SabPaisa is poised to advance its goal of delivering a seamless, inclusive and high-performing payment experience across its comprehensive suite of products.
For more information, visit: https://sabpaisa.in/
New Delhi [India], July 3: SabPaisa (SRS Live Technologies Private Limited), a leading payment solutions provider, announced that it has received final approval from the Reserve Bank of India (RBI) to function as a payment aggregator (PA) under the Payment and Settlement Systems Act 2007.
This approval cements SabPaisa's position as a leading player in India's fintech industry, allowing it to offer comprehensive payment aggregation services to merchants across the country. Since its inception in 2016, SabPaisa has championed the simplification of payments, offering innovative payment gateway solutions and related products such as payments and subscriptions. By prioritizing merchant-friendly solutions and investing in research, product development and technology, SabPaisa equips businesses with a consolidated and seamless payment experience.
Pathikrit Dasgupta, CEO, SabPaisa, commented: "Achieving final approval from the RBI marks a significant milestone for SabPaisa. It underlines our unwavering dedication to excellence and reinforces our aspiration to emerge as a premier fintech entity in India. "We are prepared to seize this opportunity to offer unparalleled solutions, ensuring our competitiveness and future resilience."
Introduced in March 2020, the RBI's payment aggregation framework mandates that only authorized entities can provide payment aggregation services to merchants. This means that SabPaisa has now joined the likes of Juspay, Razorpay, Stripe, neo-bank Open and others in receiving the RBI's nod for a payment aggregator authorisation.
SabPaisa has seen remarkable growth in the last two financial years, witnessing a two-fold increase in revenue and forecasting the same for 2024-25. Headquartered in New Delhi with operational presence across the country, SabPaisa is trusted by thousands of merchants, including major corporates, banks and government institutions.
By obtaining this final approval, SabPaisa is poised to advance its goal of delivering a seamless, inclusive and high-performing payment experience across its comprehensive suite of products.
For more information, visit: https://sabpaisa.in/
