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Easebuzz Gets RBI Approval as Full-Service Payment Aggregator

24 November 20251 min read
BANKING & FINANCEEasebuzz Gets RBIApproval asFull-Service PaymentAggregator24 November 2025safalsetu.com

Why in the news

Easebuzz can now serve merchants across India as a full-service payment aggregator.

Key facts

  • A PA collects money from cards, UPI, net banking and wallets, then settles to the merchant after fees.
  • Merchants need one integration rather than many bank tie-ups.
  • RBI norms: Indian company, ₹15 crore net worth for new PAs, fit and proper promoters, segregated customer funds, AML/KYC and cybersecurity controls.
PA typeFocus
Full-Service PAOnline, offline and cross-border
PA-P (Physical)Offline, device and instrument physically present
Cross-Border PAInternational transactions

Exam angle

  • Regulator: RBI authorisation needed.
  • Types: Full-Service, PA-P, Cross-Border.

Test yourself

1. Easebuzz was authorised by RBI to operate as which kind of entity?

RBI authorised it as a full-service PA.

2. What minimum net worth does RBI require of new payment aggregators?

New PAs need at least ₹15 crore.

3. Which PA type focuses on offline transactions with physical devices such as PoS or soundbox?

PA-P (Physical) handles offline transactions.

This topic is part of Daily Current Affairs 23 & 24 November 2025 (15 topics).

All topics of the dayDay quizNovember 2025

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