RBI Issues Guidelines To Regulate Payment Aggregators, Sets Minimum Net Worth, Cross-Border Limits 

RBI Issues Guidelines: The Reserve Bank on Monday issued directions to regulate payment aggregators, which came into effect immediately. As per the Reserve Bank of India (Regulation of Payment Aggregators) Directions, 2025, payments aggregators are categorised into three categories as per the work they undertake.

These categories include PA-P for physical PAs; PA-CB for cross-border and PA-O for online PAs, as per the directions.

A bank does not require authorisation to carry out PA business, while for non-banks, the RBI has set specific capital requirements.

ALSO READ: Gold Rate Today: Slight Dip In Prices Across India for 18K, 22K, and 24K Yellow Metal | Check State-wise Price List

"An entity seeking authorisation to commence or carry on PA business shall have a minimum net-worth of Rs 15 crore at the time of tendering application for authorisation; and shall attain a minimum net-worth of Rs 25 crore by the end of the third financial year of grant of authorisation," it said.

The directions have provisions on escrow accounts and fund management, cross-border limits for PA-CBs and also on governance, wherein the promoters will have to adhere to the 'fit and proper' criteria, it said.

ALSO READ: Income Tax Return Filing Deadline Extended By A Day To September 16

The central bank in April 2024 issued draft directions on PAs; the final guidelines have been issued after getting feedback from all stakeholders.