Besides, Easebuzz plans to transition into a full-stack financial operating system. Credit: Easebuzz.

Indian payment solutions provider Easebuzz has secured final authorisation from the Reserve Bank of India (RBI) to function as an online payment aggregator.

This allows Easebuzz to maintain its status as an authorised payments platform, facilitating online transactions for Indian businesses across various sectors.

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The platform, known for processing an annualised gross transaction value (GTV) of $30bn, caters to over 200,000 businesses.

“With this licence, Easebuzz now joins a select group of approved payment aggregators in India, who are authorised to facilitate digital transactions for merchants under the regulatory framework set by the Reserve Bank of India,” the release said.  

Easebuzz MD & CEO Rohit Prasad said: “The final authorisation from Reserve Bank of India to operate as online payment aggregator is a significant milestone for us and it stands as testament to Easebuzz’s adherence in building safe, secure and compliant digital payment solutions.

“Easebuzz remains committed to delivering trustworthy and state-of-the-art technology solutions that empower businesses, especially SMEs, to digitise, formalise and grow.”

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Besides, Easebuzz plans to transition into a full-stack financial operating system.

The company has recently ventured into B2B payments and introduced an invoice management and payments platform in collaboration with NPCI Bharat BillPay (NBBL).

Additionally, it achieved certification as a biller operating unit (BOU) on the Bharat Bill Payment System (BBPS).

According to the release, its revenues are expected to surge to Rs 2.9bn in FY24 and surpass the Rs 6bn mark in FY25, with the platform’s daily volume run rate exceeding one million transactions.

The company made headlines in 2024, by revealing plans to pursue an Initial Public Offering (IPO) within the next two to three years.