Fintech strtup Mswipe Technologies receives Payment Aggregator license from RBI

Mswipe Technologies has secured a payment aggregator (PA) license from the Reserve Bank of India (RBI). The approval propels Mswipe into an elite group of entities, including Juspay, Razorpay, and Google, who are poised to redefine the digital payments landscape in India. T

Broadening offerings 

With this license, Mswipe aims to broaden its suite of offerings, targeting a seamless and intuitive payment experience for users. Ketan Patel, co-founder and CEO, emphasized the company's commitment to leveraging cutting-edge technology for omni-channel digital payments.

The startups' strategy includes diversifying beyond offline merchant acceptance devices to include payment gateway (PG) offerings, particularly focusing on the mid-tier segment and MSMEs.

The license is expected to enrich Mswipe's merchant network, which boasts over 6 lakh members, by providing innovative solutions like sound boxes and loan collection services.

Addressing the evolving needs of the digital economy 

Mswipe is an omni-channel digital payments platform providing a host of offline and online payment acceptance solutions to merchants across categories.

The startup plans to introduce a range of innovative payment solutions designed to meet the evolving needs of the digital economy.

The development is also expected to ignite further innovation within the sector, enriching the payment experience for users and leading the charge towards a more inclusive and technologically empowered payment ecosystem.

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