Mswipe Technologies Receives Final PA Licence from RBI
In December 2025, digital payments firm Mswipe Technologies Private Limited received the final Payment Aggregator (PA) licence from the Reserve Bank of India (RBI), allowing it to offer both online and offline merchant payment acceptance under a single regulatory framework.
In December 2025, digital payments firm Mswipe Technologies Private Limited received the final Payment Aggregator (PA) licence from the Reserve Bank of India (RBI), allowing it to offer both online and offline merchant payment acceptance under a single regulatory framework.
- What? Receives Payment Aggregator (PA) licence
- Licence Granted To: Mswipe Technologies Private Limited
- Granted By: Reserve Bank of India (RBI)
- Business Expansion: Online and offline payments, cross-border transactions
- Other Licences: Holds in-principle PPI licence and NBFC licence .
About Approval of PA Licence:
Scope: The licence authorises Mswipe to onboard merchants, aggregate multiple payment instruments across online, offline, and hybrid environments, and facilitate both inward and outward cross-border transactions.
Omnichannel: Enables payment acceptance through e-commerce websites, mobile applications (app), and physical storefronts.
Other Licences: Mswipe Technologies also holds an in-principle Prepaid Payment Instrument (PPI) licence and a Non-Banking Financial Company (NBFC) licence obtained in 2022.
Industry: Places Mswipe among a select group of fully authorised PAs such as Paytm, Razorpay, Pine Labs, Easebuzz, PayU, and Airpay.
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