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BankingNABARD / RBI

Mswipe Technologies Gets Final RBI Payment Aggregator Licence

24 December 20251 min read
BANKING & FINANCEMswipeTechnologies GetsFinal RBI PaymentAggregator Licence24 December 2025safalsetu.com

Why in the news

In December 2025, digital payments company Mswipe Technologies Private Limited got the final Payment Aggregator (PA) licence from the Reserve Bank of India, letting it accept merchant payments both online and offline under one regulatory framework.

Key facts

  • Licence: final PA licence from RBI.
  • Allowed: onboarding merchants, pooling several payment instruments, working across online, offline and hybrid settings, and cross-border inward and outward transactions.
  • Channels: e-commerce sites, mobile apps and physical POS terminals.
  • Places Mswipe among a select group of fully authorised aggregators.

Other approvals held

  • An in-principle Prepaid Payment Instrument (PPI) licence.
  • An NBFC licence, granted in 2022.

Exam angle

  • Regulator of PAs: RBI; abbreviations: PA, PPI, POS.

Test yourself

1. Mswipe Technologies received which licence from RBI in December 2025?

The notes say it got the final Payment Aggregator licence.

2. In which year was Mswipe's NBFC licence granted?

The notes state the NBFC licence was granted in 2022.

3. Mswipe holds an in-principle licence for which type of instrument?

It holds an in-principle PPI licence.

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

All topics of the dayDay quizDecember 2025

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