Payment Gateway License in Chandigarh

Chandigarh's planned-city economy is built around a large salaried, urban middle class with steady income and strong appetite for consumer and vehicle loans — a very different credit profile from the rural and agri-driven markets elsewhere in North India. Any business in Chandigarh planning to process online merchant payments at scale will need RBI's Payment Aggregator authorisation before going live.

StartRight4U supports Chandigarh-based applicants through every stage of PA licensing, including net worth certification and RBI's technical scrutiny.

Understanding the Payment Gateway (PA) Licence

RBI's Payment Aggregator regulations require every non-bank entity that facilitates and settles online merchant payments to be licensed as a Payment Aggregator. Without this authorisation, a company cannot legally run a payment gateway handling card, UPI, or net-banking transactions on behalf of merchants in India.

The Reason This Licence Exists

A payment aggregator temporarily holds customer money on its way to a merchant — an exposure point RBI regulates closely to prevent misuse or loss in the event of financial distress. The PA licence requires a dedicated escrow or nodal account that keeps merchant settlement funds separate from the aggregator's own operating capital at all times.

Eligibility Criteria

• Incorporation under the Companies Act, 2013
• Minimum net worth of ₹15 crore at the time of application, reaching ₹25 crore by the end of year three
• A technology platform certified to PCI-DSS standards for handling payment data
• Board-approved due-diligence and fraud-monitoring policies for merchant onboarding
• A promoter and director group that clears RBI's fit-and-proper screening

Documents to Prepare

• Certificate of incorporation, MOA and AOA
• Chartered Accountant-certified net worth certificate with audited financials
• Technology and information-security architecture document with PCI-DSS evidence
• Escrow/nodal account arrangement details with a scheduled commercial bank
• Board resolution authorising the PA licence application

The Application Process, Step by Step

1. Incorporate the company and build the platform to RBI's technology and settlement requirements
2. Assemble the net worth certificate and PCI-DSS compliance documentation
3. Set up the mandatory escrow/nodal account with a scheduled commercial bank
4. Apply to RBI with the merchant risk-management and due-diligence framework
5. Work through RBI's technical and financial scrutiny
6. Receive the Certificate of Authorisation and go live under RBI's Payment Aggregator norms

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