PayU, one of India’s leading diversified fintech platforms, has received integrated authorization from the Reserve Bank of India (RBI) to function as a Payment Aggregator (PA) across online, offline (physical), and cross-border transactions under the Payment and Settlement Systems (PSS) Act.
With this approval, PayU is now permitted to handle both inward and outward cross-border payments, enabling the company to deliver secure, compliant, and seamless payment acceptance, settlement, and international transaction solutions to merchants across all channels.
A PayU spokesperson welcomed the RBI’s decision, stating, “We are honored to receive the Reserve Bank of India’s continued trust and authorization to operate as a Cross-Border (Both Inward & Outward) Payment Aggregator, in addition to online and offline PA. This milestone reinforces our commitment to building a resilient and innovation-driven payments ecosystem, enabling us to offer secure, transparent, and customer-first payment solutions, including seamless omni-channel experiences for merchants of all sizes.”
The approval positions PayU more strongly as a full-stack digital payments provider, further empowering businesses with integrated, reliable, and frictionless experiences across online, offline, and global payment touchpoints.
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