Easebuzz has acquired authorisation from the Reserve Financial institution of India (RBI) to function as a full-service Cost Aggregator throughout on-line, offline, and cross-border funds.
With this approval, the Pune-based fintech turns into one of many only a few corporations within the sector allowed to handle all three cost channels beneath a single infrastructure.
The licence permits the corporate to assist retailers with on-line cost acceptance, in-person funds by way of POS units and UPI soundboxes, and worldwide inward and outward cost transactions. This places Easebuzz in the identical class as gamers equivalent to PayU and Pine Labs, which lately secured comparable built-in approvals from the central financial institution.
Rohit Prasad, MD and CEO of Easebuzz, mentioned, “This milestone displays our long-standing dedication in constructing compliant, scalable, and safe cost options for Indian companies. This additionally stands testimony to RBI’s progressive strategy in decreasing entry boundaries and propelling the business ahead by way of innovation and built-in funds ecosystem throughout on-line, offline and cross-border transactions.”
Based on the studies, Easebuzz presently serves greater than 2.5 lakh retailers and processes over three million transactions on daily basis. Its annualised Gross Transaction Worth exceeds $50 billion.
The approval to function as a cross-border Cost Aggregator additional extends Easebuzz’s attain to exporters, D2C manufacturers, SaaS corporations, and repair companies that work with world clients. Its worldwide funds stack is designed to assist multi-currency acceptance, compliant FX routing, sooner settlements, and detailed reconciliation, decreasing friction for corporations scaling abroad.