Getepay has achieved a significant milestone by receiving final authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator. This regulatory approval marks a pivotal moment not only for the company but also for the broader fintech ecosystem, especially as Getepay becomes the first fintech firm from Rajasthan to secure such a license. The news has generated considerable buzz across the Indian startup and fintech communities, highlighting the company’s commitment to driving digital transformation and financial inclusion for micro, small, and medium enterprises (MSMEs) across the country.
With this RBI approval, Getepay is now positioned to expand its digital payment solutions and commerce enablement tools to millions of merchants, particularly in Tier 2, Tier 3, and rural regions of India. The company has already empowered over 1.5 million merchants, including kirana stores, micro-retailers, e-commerce businesses, educational institutions, service providers, and small-scale manufacturers. By offering secure and scalable digital payment services, Getepay aims to bridge the digital divide for small businesses and accelerate the formalisation of the MSME sector, which forms the backbone of the Indian economy.
The RBI’s nod is expected to catalyse Getepay’s pan-India expansion plans, enabling the company to roll out an integrated suite of merchant solutions. These include digital storefronts, inventory management, GST billing, and other value-added services designed to streamline business operations for small and medium enterprises. The company’s leadership, including founder and CEO Pravin Sharma, has reiterated their mission to ensure that every small merchant in India, regardless of location, can access simple, secure, and innovative digital tools. Sharma emphasised that the RBI license is a validation of Getepay’s vision to empower MSMEs not just with payment solutions, but with comprehensive commerce enablement, laying the groundwork for India’s next wave of economic growth.
Angel investor Mahavir Pratap Sharma, who has backed Getepay, noted that the RBI authorisation reinforces the company’s credibility and grassroots approach. He expressed confidence that Getepay’s efforts will significantly reshape how small merchants participate in India’s digital economy, especially as the platform prioritises outreach to women-led businesses and rural entrepreneurs.
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The fintech sector and digital payments industry have welcomed Getepay’s regulatory achievement, viewing it as a major step toward deepening financial inclusion and digital adoption among India’s vast MSME community.
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