PayU, the payments arm of Dutch technology investor Prosus, has secured an ‘integrated authorisation’ from the Reserve Bank of India (RBI) to function as a payment aggregator for online, offline and cross-border transactions.
The licence enables PayU to onboard merchants and handle the full payments flow from collecting funds via cards, UPI and net-banking to settling those funds with merchants.
Under the new approval, PayU can facilitate both inward and outward cross-border payments, compliant with the Payment and Settlement Systems Act. The decision comes just over six months after the RBI granted PayU final authorisation as a domestic payment aggregator.
This development positions PayU to compete more strongly in India’s payment-aggregator landscape, joining peers like Paytm, PayPal and BharatPe who have also received aggregator approvals in recent months.
PayU reported a consolidated net loss of Rs 248 crore for FY25, a 42 per cent improvement from FY24 while revenue rose 22.8 per cent to Rs 5,563 crore.
While the company has long been planning an IPO, those plans have reportedly been delayed as it focuses on strengthening the business.
With this regulatory nod, PayU is now better equipped to expand its reach, scale cross-border flows and deepen its presence in India’s fast-growing FinTech payments space.
Send news announcements/press releases to:
info@b2bmarketmedia.com
