Airpay Receives RBI Nod to Operate as Cross-Border Payment Aggregator

Airpay Payment Services has secured authorisation from the Reserve Bank of India to function as a cross-border payment aggregator, completing its approvals under the central bank’s unified payment aggregator regime. With permissions now covering online (PA-O), offline (PA-P) and cross-border (PA-CB) categories, the Mumbai-headquartered firm enters a select group of payment players offering full-spectrum aggregation…

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India’s Payment Ecosystem Deepens: RBI’s Half-Yearly Report Highlights a Digital Inflection

The Reserve Bank of India’s Payment Systems Report for the half-year ended June 2025 marks a critical milestone in India’s decade-long journey toward a cash-lite economy. The document not only quantifies the rapid digitisation of payments but also underlines the institutional maturity of India’s payment governance a framework that now rivals global benchmarks in scale,…

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