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RBI Grants Payment Aggregator License to Mswipe Technologies

Mswipe Technologies, a prominent player in India’s digital payments sector, has been awarded a Payment Aggregator (PA) license by the Reserve Bank of India (RBI). This significant development follows the company’s receipt of an in-principle approval earlier in 2022. Mswipe aims to leverage this license to bolster its range of offerings, providing comprehensive payment technology solutions across various channels.

Objective Reinforcement

  • The payment aggregator license underscores Mswipe’s commitment to enriching its suite of services.
  • Mswipe aims to deliver secure, efficient, and user-friendly payment solutions to its banking partners, enterprises, and merchants spanning diverse sectors.

About Mswipe Technologies

  • Mswipe Technologies operates as an omni-channel digital payments platform catering to merchants across various sectors and regions.
  • Established in 2011 and headquartered in Mumbai, Mswipe has played a pivotal role in introducing innovative payment solutions to businesses.
  • Key investors in Mswipe include Alpha Wave Global, Matrix Partners, B Capital, and others, reflecting confidence in the company’s growth trajectory.
  • Over the past 13 years, Mswipe has been instrumental in expanding the digital payment landscape in India, reaching markets across metros, mini-metros, small towns, and cities.


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