RBI grants Payment Aggregator license to SabPaisa

SabPaisa (SRS Live Technologies Private Limited), a payment solutions provider has announced that it has received final approval from the Reserve Bank of India (RBI) to function as a Payment Aggregator (PA) under the Payments and Settlement Systems Act, 2007.

The license will allow SabPaisa to offer comprehensive payment aggregation services to merchants across the country. Since its establishment in 2016, SabPaisa has been offering innovative payment gateway solutions and related products such as Payouts and Subscriptions.

"Securing the final approval from RBI marks a significant milestone for SabPaisa,” said Pathikrit Dasgupta its CEO said. “It underscores our unwavering dedication to excellence and reinforces our aspiration to emerge as a premier fintech entity in India. We are poised to harness this opportunity to deliver unparalleled solutions, ensuring our competitiveness and future resilience."


Introduced in March 2020, RBI's payment aggregator framework mandates that only authorized entities can provide payment aggregation services to merchants. This means SabPaisa has now joined the likes of Juspay, Razorpay, Stripe, neo-bank Open and others in receiving the RBI nod for a payment aggregator authorization.

SabPaisa has witnessed a 2X increase in revenue and forecasting a similar growth for the current fiscal year.