Easebuzz, a leading full-stack payment solutions provider, has received final authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator (PA) under the Payment and Settlement Systems Act, 2007. This milestone reinforces Easebuzz’s position as a trusted digital payment platform, facilitating seamless transactions for businesses across various sectors, including eCommerce, Education, Real Estate, and Travel & Tourism.
With this approval, Easebuzz joins an exclusive list of RBI-authorised payment aggregators, strengthening its ability to process online payments within the regulatory framework. The company’s platform currently handles an annualised Gross Transaction Value (GTV) of USD 30 billion, serving over 2,00,000 businesses, including SMEs and startups.
Rohit Prasad, MD & CEO, of Easebuzz, in a statement, said “The final authorisation from Reserve Bank of India to operate as online payment aggregator is a significant milestone for us and it stands as testament to Easebuzz’s adherence in building safe, secure and compliant digital payment solutions. Easebuzz remains committed to delivering trustworthy and state-of-theart technology solutions that empower businesses, especially SMEs, to digitise, formalise and grow. We will continue to innovate and contribute to India’s rapidly growing digital economy through our affordable, easy to integrate and simple to use payment solutions.”
Easebuzz is also expanding its digital offerings to become a full-stack financial operating system. The company has recently entered the B2B payments space, launching an invoice management and payments platform in collaboration with NPCI Bharat BillPay (NBBL). Additionally, Easebuzz has been certified as a Biller Operating Unit (BOU) on the Bharat Bill Payment System (BBPS).
The company has witnessed remarkable growth in FY24, with revenues soaring to INR 290 crore and projected to surpass INR 600 crore in FY25. The platform’s daily transaction volume has exceeded 1 million transactions, and Easebuzz has remained profitable since its inception.
Also Read | Easebuzz extends its integration support for all third party orchestrators
With its continued focus on innovation, compliance, and customer-centric solutions, Easebuzz is set to play a pivotal role in shaping India’s digital payments landscape.
