• PayG has received RBI authorisation to operate as a licensed payment aggregator in India.
  • The company serves over 1,000 MSMEs and 50+ enterprise clients with 120+ payment options and a no-hidden-fees model.

Hyderabad-based digital payments company PayG has received final authorisation from the Reserve Bank of India (RBI) to operate as a licensed payment aggregator, a key milestone in its mission to streamline digital commerce infrastructure for India’s micro, small, and medium enterprises (MSMEs).

Founded in 2020, PayG joins a select group of fintech firms formally cleared by the RBI to facilitate digital payments at scale under the country’s regulatory framework.

The approval allows PayG to continue offering payment services, including credit and debit card acceptance, net banking, and wallet integrations, while staying compliant with India’s evolving payments landscape.

The company stated that the license validates its commitment to building a “secure, inclusive, and innovation-led” ecosystem specifically designed for small and medium-sized businesses.

“Receiving the RBI’s authorisation is a moment of great pride for us,” said Kamal Manohar Jangeti, Chairman of PayG. “It underscores our commitment to regulatory compliance, transparency, and innovation in the fintech sector.”

Currently, PayG serves over 1,000 MSMEs and 50+ enterprise clients, offering more than 120 payment options. The company promotes a no-hidden-fees pricing model, aiming to boost transparency for retailers new to digital transactions.

With the Indian government pushing to digitise and formalise its vast MSME sector, responsible for nearly a third of the GDP, PayG’s focus on small-town and street-level merchants positions it as a critical enabler in this transition.

The company is expanding its offerings by developing analytics tools, credit facilitation features, and seamless backend integrations to support business operations.

Additionally, PayG is working closely with the Open Network for Digital Commerce (ONDC), having recently launched a trader onboarding initiative in Pune with plans to scale to other cities.

Edited by Annette George