In a defining moment for India’s fintech landscape, PayU has officially received final authorization from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator under the Payment and Settlement Systems Act, 2007. This regulatory green light not only marks a key milestone for PayU but also underscores its pivotal role in shaping the future of digital transactions in India.
After a rigorous and structured approval process, the RBI’s confirmation signals a strong vote of confidence in PayU’s operational integrity, compliance framework, and commitment to the broader digital economy. The company’s journey to this point has been marked by persistent innovation, robust governance, and an unwavering focus on enabling seamless payment experiences for businesses and consumers alike.
In an official statement, PayU Spokesperson shared gratitude and vision, “We are pleased to share that PayU Payments Pvt. Ltd. has received final authorization from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator under the Payment and Settlement Systems Act, 2007. We are deeply grateful to the RBI for the trust placed in us and for the opportunity to contribute responsibly to India’s dynamic payments ecosystem.
“As we look ahead, our focus remains on building a resilient, compliant, inclusive, and innovation-led institution—one that empowers merchants of all sizes and plays a meaningful role in advancing the Digital India vision of the RBI and the Government of India. We sincerely thank our partners, merchants, employees, customers, and all stakeholders for their continued trust and support.”
This development paves the way for PayU to further enhance its service offerings, support a diverse array of businesses—from startups to large enterprises—and drive financial inclusion through scalable, secure, and tech-driven payment solutions. As India continues its push toward a cashless economy, PayU’s elevation to a fully authorized Payment Aggregator positions it at the forefront of the nation’s digital transformation.
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