Context:
In December 2025, digital payments firm Mswipe Technologies Private Limited received the final Payment Aggregator (PA) licence from the Reserve Bank of India (RBI). The licence allows Mswipe to operate both online and offline merchant payment acceptance under a single, unified regulatory framework.
About Payment Aggregator (PA) Licence – Mswipe
Scope of Operations
- Authorised to:
- Onboard merchants
- Aggregate multiple payment instruments
- Operate across online, offline, and hybrid environments
- Facilitate inward and outward cross-border transactions
Omnichannel Payment Enablement
- Enables seamless payment acceptance through:
- E-commerce websites
- Mobile applications (apps)
- Physical retail stores (POS terminals)
Regulatory Status
- Final PA approval places Mswipe among a select group of fully authorised Payment Aggregators in India.
Other Regulatory Approvals Held by Mswipe
- In-principle Prepaid Payment Instrument (PPI) licence
- Non-Banking Financial Company (NBFC) licence (granted in 2022)
