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RBI Unveils New Guidelines for Payment Aggregator

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Dion Global

16 Sep 2025

The Reserve Bank of India (RBI) on Monday released new directions to regulate payment aggregators, effective immediately.

Under the RBI (Regulation of Payment Aggregators) Directions, 2025, payment aggregators are classified into three categories based on their operations: PA-P for physical payment aggregators, PA-CB for cross-border, and PA-O for online payment aggregators.