Chennai-based fintech firm Paysharp has secured the Reserve Bank of India’s Payment Aggregator–Physical (PA-P) licence on 21 January 2026, marking a key milestone in the company’s regulatory journey. Earlier, in August 2024, the company had obtained the RBI’s Payment Aggregator–Online (PA-O) licence.
With both licences in place, Paysharp is authorised to provide end-to-end payment acceptance services across online and offline channels. The dual approval enables the company to offer a single, compliant platform for digital payment acceptance across in-store, on-the-go and online use cases, in line with RBI regulatory and security requirements.
Paysharp follows a flat-pricing model for merchants, offering an alternative to the percentagebased pricing structure prevalent in the payments industry. The company serves merchants across sectors including government, B2B enterprises, NBFCs and e-commerce.
The company has raised ₹23.5 crore across two funding rounds to date, which has been deployed towards product development, regulatory compliance and expansion of its payments infrastructure.
Commenting on the development, a company spokesperson said, “We thank our merchants, customers, employees, bankers and vendors for their continued trust and support. Securing the PA-P licence, in addition to the PA-O licence, reinforces our focus on building a compliant and scalable payments platform for India.”
