Payment Gateway License in Assam

Assam's economy is anchored by tea, oil and gas around Digboi, and a large agricultural base — sectors with credit cycles that don't always match what conventional bank products offer. For platforms based in Assam, a Payment Aggregator licence is what turns an online payment product into an RBI-authorised gateway merchants can trust.

If you're launching a payment gateway out of Assam, StartRight4U manages the full PA licensing process end to end.

What Is a Payment Gateway (Payment Aggregator) Licence?

Under RBI's guidelines on Regulation of Payment Aggregators and Payment Gateways, any non-bank entity that facilitates online merchant payments — collecting funds from customers and settling them to merchants — must hold a Payment Aggregator (PA) licence. This is the regulatory authorisation behind every third-party payment gateway processing card, UPI, and net-banking transactions on behalf of merchants in India.

Why This Licence Is Mandatory

Payment aggregators sit directly in the flow of customer money before it reaches a merchant — without RBI oversight, that intermediate custody of funds carries real risk of misuse or insolvency-related loss. The PA licence brings mandatory safeguards: a nodal or escrow account structure that ring-fences merchant settlement funds from the aggregator's own operating funds.

Eligibility Criteria for a Payment Aggregator Licence

• Registered as a company under the Companies Act, 2013
• Minimum net worth of ₹15 crore at the time of application, rising to ₹25 crore by the end of the third financial year
• A secure, PCI-DSS-compliant technology platform for handling payment data
• A board-approved policy for merchant onboarding due diligence and fraud/risk monitoring
• Promoters and directors who meet RBI's fit-and-proper criteria

Documents Required for Payment Gateway Licence

• Certificate of incorporation and Memorandum & Articles of Association
• Net worth certificate from a practicing Chartered Accountant with audited financials
• Technology and information-security architecture document, including PCI-DSS compliance evidence
• Nodal/escrow account arrangement details with a scheduled commercial bank
• Board resolution approving the PA licence application

Step-by-Step Payment Aggregator Registration Process

1. Incorporate the company and build the technology platform to RBI's security and settlement specifications
2. Prepare the net worth certificate and PCI-DSS compliance documentation
3. Set up the mandatory escrow/nodal account with a scheduled commercial bank
4. Submit the application to RBI, including the merchant due-diligence and risk-management framework
5. Respond to RBI's technical and financial scrutiny of the application
6. Receive the Certificate of Authorisation and go live under RBI's Payment Aggregator guidelines

Why Choose StartRight4U

StartRight4U combines regulatory experience with an end-to-end execution team — documentation, technical review, and direct liaison on your application — so you're not navigating the process alone.

1. Dedicated specialists, not a generic filing service
2. Clear, upfront documentation checklist — no last-minute surprises
3. Direct support through queries and clarifications during review
4. Transparent pricing with no hidden charges