Easebuzz To Operate As Online Payment Aggregator

New Delhi: Payment solutions provider Easebuzz has received final authorisation from the Reserve Bank to operate as an online payment aggregator (PA), according to a release.The nod allows the company to continue operating as an authorised payments platform and help process online payments for Indian businesses across sectors, including e-commerce, travel and tourism, education and real estate.

“With this license, Easebuzz now joins a select group of approved payment aggregators in India, who are authorised to facilitate digital transactions for merchants under the regulatory framework set by the Reserve Bank of India,” the release said. Easebuzz Payments platform is currently processing an annualised Gross Transaction Value (GTV) of $30 billion, and is serving more than 2,00,000 businesses, including SMEs (small and medium enterprises) and startups.