Chennai-based fintech Paysharp has received final authorization from the RBI to act as a payment aggregator
The startup, founded in 2019, raised INR 23 Cr in two funding rounds, with the latest valuation at INR 200 Cr
Paysharp offers flat pricing for merchants, focusing on non-card-based payments like UPI and virtual account solutions
Chennai-based fintech startup, Paysharp has received final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator (PA).
The company said in a statement that it has secured this final approval last month, after being granted in-principle licence in December 2022.