BharatPe Gets RBI Approval for Payment Aggregator Business

BharatPe, a prominent Indian fintech company, has achieved a significant milestone by receiving final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator. This authorisation, granted to its subsidiary Resilient Payments Private Limited, paves the way for BharatPe to expand its digital payment services under the brand name “BharatPe X.” With this approval, BharatPe will enhance its e-commerce transaction settlement services, offering early settlements and collaborating with NBFCs and banks to provide loans.

The company aims to broaden its merchant base and deepen its presence in high-potential markets, particularly in tier 2 and 3 cities. BharatPe is investing in advanced technology infrastructure to ensure seamless and reliable digital payment solutions. This strategic move positions BharatPe alongside other major players like Razorpay, Easebuzz, and Google Pay which have secured similar licenses. The approval also aligns BharatPe with national financial inclusion goals by enabling more merchants to adopt digital payments.

Nalin Negi, CEO of BharatPe, described the approval as both a milestone and a responsibility, highlighting the company’s robust governance and operational frameworks. He stated that this final authorisation speaks to the strength of their practices and their commitment to empowering merchants across the country. Sandeep Indurkar, CEO of Resilient Payments, emphasised innovation and execution as key priorities. He noted that BharatPe is dedicated to enhancing its product offerings and revolutionising how businesses manage digital payments.

BharatPe processes over 450 million UPI transactions monthly, with an annual transaction value exceeding ₹1.7 lakh crore. Through BharatPe Money, it has disbursed loans worth ₹18,000 crore in partnership with NBFCs, offering products like loans against mutual funds and home loans. The company has also made significant financial improvements, reducing losses to ₹148.8 crore in the first nine months of FY25 from ₹492 crore in the same period last year. During this period, it achieved EBITDA breakeven (excluding ESOP expenses), marking a notable financial turnaround.

The approval comes amidst easing regulatory restrictions on payment aggregators like Paytm and Cashfree. BharatPe’s strengthened position in the fintech sector underscores its commitment to innovation and sustainable growth while contributing to India’s rapidly expanding digital payments ecosystem. Founded in 2018, BharatPe now operates in over 450 cities with a merchant network exceeding 1.3 crore, cementing its role as a leader in India’s fintech landscape. The company has raised over $580 million from investors such as Peak XV Partners and Tiger Global, which supports its expansion and innovation goals.

BharatPe‘s journey reflects the evolving nature of India’s fintech industry, where regulatory approvals play a crucial role in shaping market dynamics. As BharatPe continues to expand its services, it is poised to enhance its competitive edge in the fintech industry, joining other prominent players like Zomato and CC Avenue, which have also secured payment aggregator licenses. This regulatory green light not only expands BharatPe’s service offerings but also strengthens its presence in India’s rapidly growing digital payment sector.