Why Are Fintech Startups Rushing Towards PA Licenses?

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Market Opportunity

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RBI's Intent

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Competition Mitigation

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In Queue Since An Year

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Why Are Startups Joining The Payment Aggregator Rush Despite RBI’s High Compliance Bar

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Why Are Fintech Startups Rushing Towards PA Licenses?

Market Opportunity

There's a significant economic upside in the payment aggregation space, driving companies to pursue PA licenses despite compliance hurdles.

RBI's Intent

RBI appears keen on fostering a diverse ecosystem of payment aggregators to prevent monopolization by big tech companies encouraging startups to enter the space.

Competition Mitigation

Multiple payment aggregators ensure smooth and efficient merchant onboarding, preventing slowdowns in the number of online sellers or retail merchants due to any single player's verification processes.

In Queue Since An Year

Startups have waited nearly a year for RBI approval. Recent approvals may indicate the central bank's deliberation on crucial regulations for online payment aggregation, a pillar of the digital economy.

Why Are Startups Joining The Payment Aggregator Rush Despite RBI’s High Compliance Bar