. . .

Payment gateway License

A service providing entities which plays role of intermediate between banks and websites facilitating the communication of transaction information are known as payment gateway.  

Get Expert Assistance


A service providing entities that play the role of intermediate between banks and websites facilitating the communication of transaction information is known as payment gateway.  They conceive information from the payer bank and take the information to the receiving banks and take care of their input, i.e. whether the transaction is accepted or not

As per RBI guideline Payment gateway are entities that provide technology infrastructure to route and facilitate the processing of an online payment transaction without any involvement in the handling of funds


Applicability of guideline

The issued guideline is applicable on all payment gateways may also adopt technology-related recommendation as follow:

          Security-related recommendation:

  1.  Information Security Governance: In order to recognize risk exposures with remedial steps and residual risks, the entities shall carry out a comprehensive security risk assessment of their people, IT, business process environment, etc. This may be an internal security audit or an external security audit carried out by an independent security auditor or an impaneled auditor of CERT.
  2. Data security standards: Data security standards and best practices, like PCI-DSS, PA-DSS, latest encryption standards, protection of transport channels, etc.
  3. Reporting of security incidents: The entities shall report to RBI security incidents/cardholder data breaches within the specified timeframe. Monthly records of information security incidents shall be sent to RBI with root cause analysis and preventive measures undertaken.
  4. Merchant Onboarding: The agencies conduct a thorough safety review during the merchant onboarding process to ensure that the merchants conform to these minimum baseline security controls.
  5.  Cyber Security Audit and Reports: The entities shall carry out and submit to the IT Committee quarterly internal and annual external audit reports; bi-annual Vulnerability Assessment / Penetration Test (VAPT) reports; PCI-DSS including Attestation of Compliance (AOC) and Report of Compliance (ROC) compliance report with observations noted if any including corrective/preventive actions planned with action closure date; inventory of applications which store or process or transmit customer sensitive data; PA-DSS compliance status of payment applications which stores or processes cardholder data.

Others provided in annexure 2 of guideline

Other recommendations

  1. The credentials of the customer card shall not be kept in the merchant's database or server.
  2.  No choice shall be given for ATM PIN as an authentication factor for card transactions that are not present.
  3. Instructions concerning the handling of payment system data shall apply as applicable to PSOs.
  4. All refunds shall be made to the original payment system unless the consumer has expressly agreed to reimburse an alternate mode.

Capital Requirement

Capital Requirement

Existing Payment Aggregators shall achieve a net-worth of ₹15 crores by March 31, 2021, and a net-worth of ₹25 crores by the end of the third financial year, i.e., on or before March 31, 2023. All the time thereafter net-worth of ₹25 crores shall be maintained.




date/ Authorisation date

Due date

of Achieving

₹ 15 Cr. Net-worth

Due date

of Achieving

 ₹ 25 Cr. Net-worth

For Existing PAs

till 30/06/2021

31/03/2021 or  application  date whichever is earlier


Net worth consists of paid-up equity capital, preferred securities that are compulsorily convertible to equity, free reserves, balance in the share premium account and capital reserves representing surplus arising from the selling of assets but not reserves generated by the revaluation of assets adjusted for accrued loss balance, the book value of intangible assets and deferred revenue expenditure if any. Compulsorily convertible preferential shares can be either non-cumulative or cumulative and must be convertible into equity shares and the shareholder agreements will specifically prohibit any withdrawal of this preferential capital at any time.

Documents required for registration

Basic requirements for registration;

  1. Minimum two directors and two member
  2. Minimum capital requirement net-worth of 15 crores, which should be increased in 3 years to 25 crore
  3. Business address proof
  4. Detailed 5-year business plan
  5. System flow and code testing report by software certifying agency
  6. Payment aggregator organization should comply with PCI DSS compliances

Documents required:

  1. Company COI (certificate of incorporation)
  2. MOA & AOA (Memorandum and article of association)
  3. Business address proof
  4. Detailed 5 Years business plan
  5. PCI DSS certificate
  6. Proof of net worth
  7. Canceled cheque
  8. Bank statement of the last 12 months
  9. Last Audited Balance sheet of last 2 year (or since the business has been incorporated)

Benefits of Gateway

Benefits of Gateway:

Cost-effective for a small transaction

The payment aggregator model aims to provide a boost for the processing of credit card & wallet payments, with a limited start-up or fixed costs. A variable merchant fee is applied to each successful transaction in place of start-up fees or fixed rates.

Easy Access payment, on spot

It's easy to submit and set up even better. You can start processing e-commerce payments directly after signing up, or just pop the quick swipe on your mobile phone and you're ready to make payments on the go.

Quick approvals

In India payment gateway can be made within 3-7 working days. Easy to add on the website. Time is money, and the faster you begin processing; the faster profits begin to roll in.

  • STAGE 1


    We are just a call or message away!

    Call or WhatsApp us on +91-99991-39391 for free consultation from our team of experts. You can also email us on reach@corpzo.com.

  • STAGE 2


    Your consent is essential!

    We share the detailed and reasonable estimated costs, documents and prerequisites for the complete process before starting the process to ensure transparency.

  • STAGE 3


    We ensure timelines are met!

    Our team warrants hassle free documentation. We collect the necessary documents and share the relevant drafts to ensure a timely filing and delivery.

  • STAGE 4


    Precision is our speciality!

    Upon collecting the necessary documents and information, we waste no time in preparation and filing of your application. development on your application is brought to your attention.

  • STAGE 5


    We deliver what we commit!

    On successful completion of the case we share all the relevant documents electronically and physically along with an assurance to pay you back if something is wrong.

Request A Callback
PCI-DSS Certification

The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to ensure that all businesses accepting, processing, storing or transmitting credit card information maintain a safe environment.

Read More
Nidhi Company Incorporation

A company which has the object of cultivating the habit of thrift & savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and which complies with such rules as are prescribed by the Central Govt.

Read More
Revival of NBFC || Appeal for cancelled NBFC Licence

Registration of NBFC's may be cancelled by the RBI for not conducting business in the manner specified in the respective statutes or due to any non-compliance. However, in certain circumstances, it is possible to apply for the revival of the NBFC whose li

Read More
NBFC Registration | A Non-Banking Financial Company (NBFC)

A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013 of India, the main operations of NBFC include loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance or chit-fund, but they do not inclu

Read More
Full Fledged Money Changers

An authorized company that is authorized to purchased foreign exchange from non-residents visiting India & residents & to sell foreign exchange for private & business travel purposes only is Known as Full fledged money changer (FFMC).

Read More
Payment Wallet License or Prepaid Wallet Licence

Payment services operated under financial regulation and performed from or via mobile is known as Mobile payment wallet. Mobile payment wallet also referred to as mobile money, mobile money transfer and mobile wallet.

Read More
Asset Reconstruction Company Registration | ARC Registration

An asset Reconstruction Company is a Company engaged in the business of buying bad loan from bank. These are specialized financial institutions that buys the bad loan, Non Performing Assets (NPAs) from banks & financial institution so that to clean up the

Read More
Conversion of NBFC Into Bank

The firms incorporated under the Companies Act 2013 as the public or private limited company having objective of financial activity are known as NBFC or Non-Banking Financial Companies.

Read More
Credit Co-operative society

An autonomous group of people belonging to the same class willingly comes together to strive to be common economic, social and cultural objectives and criteria through a business that is jointly owned and democratically controlled by such citizens.

Read More
AIF Registration | Alternative Investment Fund Registration

An Altenative Investment Fund is a privately pooled investment vehicle that collects funds from investors and invest these funds in accordance with a defined investment policy for the benefits of its investors is known as Alternative Investment funds.

Read More
Collective Investment Scheme Registration

A Collective Investment Scheme (CIS), is an investment scheme in which several individuals come together to pool their money to invest in a particular asset(s) with the motive to share the returns derived from the said investment in accordance with the ag

Read More

The SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) also apply to AIFs in the IFSC. The "SEBI" published Operating Guidelines for Alternative Investment Funds in International Financial Services Centres on November 26, 2018 "

Read More
Registrar to Issue and Share transfer Agent Registration

An establishment in form of trust or institutions that records and maintains a complete record of transactions of investors for the benefit or convenience of mutual funds houses or listed entities are called as share transfer agents.

Read More
Merchant Banking License

Merchant banker is a company and is combination of consultancy and banking services. Activities of merchant banker in India are regulated by SEBI (merchant banker) rule 1992.

Read More
Payment Aggregator License

Service providers through which e-commerce merchants can process their payment transactions are known as a payment aggregator, they are also known as merchant aggregator.

Read More
Payment gateway License

A service providing entities which plays role of intermediate between banks and websites facilitating the communication of transaction information are known as payment gateway.  

Read More
Micro Finance Institution Registration

Organization which is registered under companies act 2013 or 1956 and which facilitate financing activity such as loan, savings, and insurance to the needy people or to those who are incapable of getting loan from banks and other financial institutions d

Read More
Registration of Infrastructure Investment Fund

An Infrastructure Investment Trust (InvIT) is a collective investment scheme, similar to a mutual fund, that allows individual and institutional investors to invest directly in infrastructure projects in exchange for a small percentage of the income as a

Read More

Expert Legal Advisory Our Customers Love

Bespoke advisory focused on mission critical legal, financial and business aspects.

server room

Trusted By Clients And Industry Experts

Uniquely repurpose strategic core competencies with progressive content. Assertively transition ethical imperatives and collaborative manufactured products.

Write About Us
Let’s chat? - We're online
Corpzo Chat Now Corpzo Chat Image