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.