BharatPe Gets RBI Payment Aggregator Licence
Why in the news
BharatPe’s subsidiary received final RBI approval to run as an online payment aggregator.
Key facts
- Resilient Payments Private Limited, a BharatPe subsidiary, got final RBI authorisation as an online Payment Aggregator (PA).
- New platform under the BharatPe X brand aims at tier 2 and tier 3 cities and MSMEs.
- Described as the first Indian fintech with all three footholds below.
Three footholds
| Type | Route |
|---|---|
| NBFC licence | Trillion Loans |
| Stake in a regulated bank | Unity Small Finance Bank |
| Payment Aggregator licence | Resilient Payments |
Exam angle
- Authorisation by RBI: Resilient Payments, brand BharatPe X.