Pay10 Secures RBI License Suite, Expands Capabilities as a Full-Stack FinTech Leader

New Delhi, India, May 8, 2025: Pay10 Services Private Limited, a leading alternative payments provider, announces that it has received all three core regulatory authorizations from the Reserve Bank of India (RBI). This milestone marks a major advancement in India’s rapidly evolving digital payments ecosystem.

The company is now licensed under the following categories:

• Payment Aggregator – Payment Gateway (PA-PG)
• Payment Aggregator – Cross Border E&I (PA-CB)
• Prepaid Payment Instrument (PPI) – In Principle

This triple authorization positions Pay10 as a fully regulated, end-to-end payments infrastructure provider, capable of offering a comprehensive suite of solutions across merchant acquiring, digital wallets, embedded finance, and cross-border remittances.

Prabhpreet Singh (Harry Gill), Founder of Pay10, stated:

“Securing all three core RBI licenses is a defining moment for Pay10 and a clear validation of our strategy, technology, and regulatory-first approach. We are building India’s next-generation payment infrastructure that is scalable, secure, and inclusive by design. Our focus is on enabling seamless commerce, empowering merchants and consumers alike, and contributing meaningfully to the growth of India’s digital economy.”

India’s digital economy is accelerating at a historic pace. According to the National Payments Corporation of India (NPCI), UPI processed nearly 18 billion transactions worth ₹23.94 lakh crore in April 2025 alone, highlighting the country’s deepening reliance on digital infrastructure.

In this context, Pay10’s licensing trifecta provides strategic advantages to:

• Enable secure domestic payments at scale for merchants across sectors.
• Offer compliant cross-border capabilities for e-commerce, freelancers, and remittance corridors.
• Deliver wallet-based and embedded finance solutions for Tier 1–Tier 3 consumers and businesses.

With an established presence across metro cities and fast-growing digital corridors in Tier 2 and Tier 3 towns, Pay10 is committed to advancing financial inclusion through accessible, interoperable payment tools. Its end-to-end stack is designed to meet the needs of merchants and consumers, while upholding the highest standards of compliance and data security.

Pay10’s milestone comes amid a period of transformative policy momentum. Government-led initiatives such as Digital India, ONDC, Jan Dhan–Aadhaar–Mobile (JAM) Trinity, and the account aggregator framework are redefining financial service delivery – particularly for SMEs and underbanked populations.

As one of the few private fintech companies with all three RBI licenses (FInal plus IP), Pay10 is uniquely positioned to support India’s digital public infrastructure by bridging consumer needs, merchant demands, and ecosystem collaboration – responsibly and at scale.

About Pay10

Pay10 is a regulated financial technology company offering secure, scalable, and compliant alternative payment solutions across the domestic and international payments landscape. Licensed by the Reserve Bank of India, Pay10 operates across a full spectrum of services including payment gateway aggregation, cross-border solutions, and embedded financial services.