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Company Profile

Founded in 2023 by Payment Industry Veterans with Over 100 Years of Combined Experience, Delivering Top-Notch Payment Solutions to Business Owners at Unbeatable Prices!

Our Services:

Customised Pricing

We Strive to Ensure Your Business Receives Top-Notch payment Services at the Most Affordable Rates!

Consulting

Tailoring Financial Models to Perfectly Fit Your Business Needs

Uninterrupted Services

An Array of Choices to Safeguard Your Business Continuity

Coming together is a beginning, staying together is progress, and working together is success..

Henry Ford

What is PAPG licence?

The RBI PAPG license, or the Payment Aggregator and Payment Gateway license, is issued by the Reserve Bank of India (RBI) to entities that wish to facilitate online and offline payments between merchants and customers. PAPGs essentially act as intermediaries, routing and processing payments on behalf of the involved parties.

Here’s a breakdown of the details and prerequisites for obtaining an RBI PAPG license:

Details of the RBI PAPG license:

  • Types of PAPG licenses: There are two types of PAPG licenses: Payment Aggregator (PA) and Payment Gateway (PG). PAs primarily focus on onboarding merchants and managing their payment flows, while PGs handle the technical aspects of payment processing.

  • Activities permitted under the license: PAPGs can offer a wide range of payment services, including:
    • Acceptance of payments through various channels (online, offline, mobile)
    • Payment routing and settlement
    • Reconciliation of accounts
    • Fraud prevention and risk management
    • Value-added services like cashback, loyalty programs, etc.

 

  • Regulatory requirements: PAPGs are subject to strict regulations by the RBI, including:
    • Minimum net owned funds (NOF) requirement of ₹25 crore for PAs and ₹15 crore for PGs
    • Capital adequacy ratio (CAR) of 12%
    • Compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) norms
    • Data security and privacy requirements

Prerequisites for obtaining an RBI PAPG license:

  • Eligibility criteria:
    • The entity applying for the license must be a company incorporated in India
    • The company’s promoters and directors must have a good track record and meet the RBI’s fit and proper criteria
    • The company must have the necessary infrastructure and technology to handle payment processing
  • Application process:
    • The application for the license must be submitted to the RBI on the prescribed format
    • The application fee is ₹25,000
    • The RBI will review the application and may conduct inspections or seek clarifications
    • If the application is approved, the RBI will issue the license

Additional points to consider:

  • The processing time for PAPG license applications can vary, but it typically takes 6-9 months.
  • The RBI may update its regulations and requirements from time to time, so it is important to stay updated on the latest developments.

Need Help in applying for your Own PAPG licence, write Us partnership@papg.org.in

Industries we work with..

From our early days, we've been providing reliable service to our clientele. We've had the honor of being the firm of choice of the following corporations:

Banks
Fintech
Merchants

FAQs:

A payment gateway is a service that authorizes and processes payments for online and offline businesses. It is the intermediary between a merchant’s website and the acquiring bank, ensuring the transaction is carried out securely and efficiently.

PAPG specializes in connecting businesses with the most suitable payment gateway providers. We assess your specific needs and recommend the best payment solutions that align with your business requirements, ensuring efficient and cost-effective transaction processing.

We consider various factors such as transaction volume, business model, target market, preferred payment methods, and specific features you need. Based on these parameters, we match you with the payment gateway providers that best suit your business needs.

Yes, we can assist in connecting you with payment gateways that support international transactions and multiple currencies, ensuring your business can cater to a global customer base.

While we do not directly handle the integration of payment gateways, we offer guidance and can connect you with technical support from the chosen payment gateway provider to ensure smooth integration with your systems.

The time frame can vary depending on your specific requirements and the complexity of your needs. However, we strive to provide timely recommendations so you can start integrating the payment gateway as soon as possible.

To get started, simply contact us through our website or reach out to our customer support team. We will then guide you through our assessment process to understand your needs and start the matching process.

"Payment Services is our expertise.
We'll take care of it, so you can focus on yours."

Let's work together.

Mailing Address

109, 27th Main, HSR Layout, Bangalore

Phone Number

+91 9353834491

Email Address

info@papg.org.in