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terminal / j / in

India

IN
Regulator
Reserve Bank of India
Regimes
2
Reserve Bank of India
Companies
17
19 active licences
Passporting in
0
0 home states
Activities
2
/ 25
PROVENANCE
0% registry0% document100% inferred

REGIMES IN THIS JURISDICTION

click a tier for its source
REGIME · STATUTEACTSMIN CAPITALTIMELINEAPPLICATION FEE
Prepaid Payment Instrument Issuer / India / Payment and Settlement Systems ActPayment and Settlement Systems Act · Reserve Bank of India
Issue electronic money1/25 · 10 holders
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6–12 months source
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Payment Aggregator / India / Payment and Settlement Systems ActPayment and Settlement Systems Act · Reserve Bank of India
Execute payment transactions (direct debits, card payments, credit transfers)1/25 · 9 holders
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Licences issued here

19 active

Source: Reserve Bank of India’s public register, read 1 Sep 2026

CompanyRegulatorLicenceCoversGranted
1Pay Mobileware Private LimitedReserve Bank of IndiaPayment AggregatorPayments14 May 2024
Adyen India Technology Services Private LimitedReserve Bank of IndiaPayment AggregatorPayments15 Jul 2024
Airpay Payment Services Private LimitedReserve Bank of IndiaPayment AggregatorPayments22 Nov 2024
Amazon Pay (India) Private LimitedReserve Bank of IndiaPrepaid Payment Instrument IssuerE-money22 Mar 2017
Amazon Pay (India) Private LimitedReserve Bank of IndiaPayment AggregatorPayments20 Feb 2024
Amica Payment Services Private LimitedReserve Bank of IndiaPrepaid Payment Instrument IssuerE-money11 Jun 2024
Aurionpro Payment Solutions Private LimitedReserve Bank of IndiaPayment AggregatorPayments12 Jun 2024
AvenuesAI LimitedReserve Bank of IndiaPrepaid Payment Instrument IssuerE-money24 Jul 2026
AvenuesAI LimitedReserve Bank of IndiaPayment AggregatorPayments04 Mar 2024
Bajaj Finance LimitedReserve Bank of IndiaPrepaid Payment Instrument IssuerE-money04 May 2021
BNY Finserv Private LimitedReserve Bank of IndiaPayment AggregatorPayments09 Jun 2026
Boku Network Services IN Private LimitedReserve Bank of IndiaPayment AggregatorPayments05 Apr 2024
Cashfree Payments India Private LimitedReserve Bank of IndiaPayment AggregatorPayments19 Dec 2023
Ola Financial Services Pvt. Ltd.Reserve Bank of IndiaPrepaid Payment Instrument IssuerE-money29 Oct 2009
One Mobikwik Systems LimitedReserve Bank of IndiaPrepaid Payment Instrument IssuerE-money18 Jul 2013
PayU Payments Private LimitedReserve Bank of IndiaPrepaid Payment Instrument IssuerE-money25 Jul 2016
PhonePe LimitedReserve Bank of IndiaPrepaid Payment Instrument IssuerE-money25 Aug 2014
Pine Labs LimitedReserve Bank of IndiaPrepaid Payment Instrument IssuerE-money10 Mar 2017
Pluxee India Private LimitedReserve Bank of IndiaPrepaid Payment Instrument IssuerE-money25 Aug 2009

INBOUND PASSPORTING — REGIMES ELSEWHERE THAT REACH THIS MARKET

HOME REGIME

No inbound passporting reaches this jurisdiction.

ACTIVITIES PERMITTED IN THIS JURISDICTION

2
Execute payment transactions (direct debits, card payments, credit transfers)Conferred by Payment Aggregator / India / Payment and Settlement Systems Act (for consumer, sme, corporate, via-intermediary)
Issue electronic moneyConferred by Prepaid Payment Instrument Issuer / India / Payment and Settlement Systems Act (for consumer, sme, corporate, via-intermediary)

PRODUCTS AVAILABLE HERE

0
PRODUCTCLIENT TYPESTATUSMISSING ACTIVITIES
Card issuingconsumer · SME · corporate · via intermediarynoneIssue payment instruments and/or acquire payment transactions, Issue card-based payment instruments (card issuing)
Cross-border remittanceconsumer · SME · corporate · via intermediarynoneCross-border remittance as a distinct commercial activity, Money remittance
Crypto off-ramp (crypto to fiat payout)consumer · SME · corporate · via intermediarynoneExchange crypto-assets for funds
Crypto on-ramp (fiat to crypto)consumer · SME · corporate · via intermediarynoneExchange crypto-assets for funds
IBAN accountsconsumer · SME · corporate · via intermediarynonePlace cash on a payment account, Cash withdrawal from a payment account, Issue IBAN accounts in the institution's own name
Merchant collectionsconsumer · SME · corporate · via intermediarynoneAcquire card-based payment transactions (card acquiring)
Payoutsconsumer · SME · corporate · via intermediarynoneCurrency conversion (FX) as a service
Stablecoin custodyconsumer · SME · corporate · via intermediarynoneProvide custody and administration of crypto-assets on behalf of clients
Stablecoin orchestrationconsumer · SME · corporate · via intermediarynoneProvide custody and administration of crypto-assets on behalf of clients, Exchange crypto-assets for funds

CHANGES

Nothing to show yet. A change log needs two snapshots to compare, and history only began being recorded on 2026-08-14 — the builds captured so far differ by zero values. Rather than back-fill invented history, this fills in as the corpus actually moves.

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Jurisdiction: India

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