BENGALURU, JUNE 21 :  SabPaisa (SRS Live Technologies Private Limited), a prominent player in payment solutions, has secured final approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA) under the Payments and Settlement Systems Act, 2007.

This milestone cements SabPaisa’s standing as a key player in India’s fintech sector, empowering it to provide extensive payment aggregation services nationwide.

Since its inception in 2016, SabPaisa has been at the forefront of simplifying payments, offering innovative solutions including payment gateways, payouts, and subscriptions.

Through strategic investments in research, product development, and technology, SabPaisa ensures businesses benefit from a unified and seamless payment experience.

Pathikrit Dasgupta, CEO of SabPaisa, commented, “Securing the RBI’s final approval is a vital achievement for SabPaisa, reaffirming our commitment to excellence and our ambition to lead India’s fintech landscape. We are ready to leverage this approval to deliver unmatched solutions, enhancing our competitiveness and future resilience.”

Introduced in March 2020, the RBI’s payment aggregator framework mandates that only authorised entities can provide payment aggregation services to merchants. With this approval, SabPaisa joins other esteemed entities such as Juspay, Razorpay, Stripe, Neobank Open, and others authorised by the RBI for payment aggregation services.

SabPaisa has demonstrated significant growth over the past two fiscal years, reporting a twofold increase in revenue and projecting similar growth for 2024–25. Headquartered in New Delhi with a nationwide operational footprint, SabPaisa serves thousands of merchants, including major enterprises, banks, and government institutions.

This final approval positions SabPaisa to further its mission of delivering a seamless, inclusive, and high-performance payment experience through its comprehensive product suite.(UNI)