Payment Gateway License in Tamil Nadu
For Tamil Nadu's digital commerce ecosystem, a licensed payment gateway is the infrastructure layer behind every card, UPI, and net-banking transaction processed for merchants.
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Tamil Nadu, often called the 'Detroit of India' for its Chennai-centred auto manufacturing cluster, also has deep textile hubs in Tiruppur and Coimbatore, a strong leather industry, and one of the country's most developed MSME ecosystems overall. For Tamil Nadu's digital commerce ecosystem, a licensed payment gateway is the infrastructure layer behind every card, UPI, and net-banking transaction processed for merchants.
Whether you're a fintech or platform based in Tamil Nadu, StartRight4U prepares your Payment Aggregator application to withstand RBI's review from the first submission.
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
- Incorporate the company and build the technology platform to RBI's security and settlement specifications
- Prepare the net worth certificate and PCI-DSS compliance documentation
- Set up the mandatory escrow/nodal account with a scheduled commercial bank
- Submit the application to RBI, including the merchant due-diligence and risk-management framework
- Respond to RBI's technical and financial scrutiny of the application
- 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.
- Dedicated specialists, not a generic filing service
- Clear, upfront documentation checklist — no last-minute surprises
- Direct support through queries and clarifications during review
- Transparent pricing with no hidden charges