New Delhi: The Reserve Bank of India (RBI) has granted final authorisation to Resilient Payments Pvt Ltd, a BharatPe Group company, to operate as an online payment aggregator.
With this move, BharatPe joins a limited group of fintech companies holding multiple regulatory clearances, an NBFC licence (Trillion Loans), a stake in a Small Finance Bank (Unity SFB), and now an online payment aggregator licence.
Expansion into Underserved Markets
According to the company, Resilient Payments plans to strengthen its presence in tier two and tier three cities by extending payment services to a wider network of small and medium businesses. BharatPe’s existing merchant base, largely concentrated in offline transactions, positions it to bridge the gap between online and offline commerce in semi-urban and rural regions.
The company has indicated that part of its strategy will focus on building advanced technological infrastructure to support transaction volumes and integrate with newer digital tools in the payment landscape.
Regulatory Progress Amid Industry Scrutiny
The authorisation comes at a time when the RBI has increased oversight over payment aggregators and digital lenders, tightening compliance and data security norms. Several players in the sector have either faced delays in obtaining licenses or have been asked to pause onboarding new merchants.
With final approval now in place, Resilient Payments can officially facilitate online transactions through its payment gateway, placing it in a competitive position alongside other licensed entities.
This development is expected to influence competitive dynamics within the fintech ecosystem, especially as more firms seek regulatory clarity to offer bundled financial services. Analysts say the move reflects the RBI’s cautious but steady approach to allowing credible players with diversified models to expand within regulated frameworks.
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