RBI Approves In-Solutions Global to Operate as Payment Aggregator
On February 16, 2026, Reserve Bank of India (RBI) granted regulatory authorization to In-Solutions Global (ISG) to operate as a Payment Aggregator (PA) in three categories, including Online Payments (PA-O), Physical or Offline Payments (PA-P), and Cross-Border Payments (PA-CB).
About Regulatory Authorization to ISG:
Framework: The authorization was granted under the RBI Master Directions on the Regulation of Payment Aggregators for 2025-26.
Payment Facilitation: With all three licenses, ISG joins a select set of non-banks fintech players permitted to facilitate unified payments stack across domestic online, physical, and global transactions.
Single Onboarding: With this move, ISG can provide a unified onboarding and settlement platform, enabling it to onboard merchants, collect payments, and settle funds on their behalf, thereby simplifying multi-channel digital payment processing for businesses, banks, and marketplaces.
Other Full PA License Holders: Airpay Payment Services and Pine Labs are among the select organisations in India that have received full RBI PA approval.