Mswipe Gets Payment Aggregator Licence For Online & Offline Payments

Mswipe Technologies has received the final payment aggregator (PA) licence from the Reserve Bank of India (RBI) for both online and physical payment modes

The licence allows the startup to aggregate different payment instruments for merchants, both online and offline

The approval comes more than two years after Mswipe received an in-principle nod from the RBI in August 2022. After the initial approval, the startup said it planned to build an in-house online payment gateway and move towards offering full-stack payment services to…