CorpZo is thrilled to announce that it has been granted a Payment Aggregator (PA) license by the Reserve Bank of India (RBI), a major milestone that will enable the company to securely manage and process digital payments for merchants across India. This license empowers CorpZo to expand its range of digital payment solutions, providing reliable, efficient, and secure payment services to businesses of all sizes, from startups to large enterprises.

With the RBI Payment Aggregator license, CorpZo can now directly facilitate online payment processing, bringing its robust digital infrastructure, security standards, and innovative technology to merchants seeking seamless, reliable transaction capabilities. By reducing friction in online payments and enhancing the overall user experience, CorpZo is prepared to make a significant impact on India’s rapidly growing digital economy.

Key Implications of the Payment Aggregator License
The RBI’s Payment Aggregator framework was established to ensure a high level of security, accountability, and transparency in India’s digital payments ecosystem. With this PA license, CorpZo can now onboard and support merchants for digital payment acceptance, holding and disbursing funds on behalf of these businesses in compliance with RBI guidelines. This license also strengthens the company’s regulatory framework, enhancing customer confidence in its services.

Key features and services that CorpZo will offer under its PA license include:

Multi-Channel Payment Solutions: Facilitating payments through diverse options, such as credit and debit cards, UPI, mobile wallets, and net banking, to accommodate various user preferences.

Enhanced Security Standards: Implementing advanced fraud detection, encryption, and compliance protocols to provide safe and secure transactions for customers and merchants alike.

End-to-End Payment Processing: Streamlining payment flows from initiation to settlement, creating a seamless experience for businesses and their customers.

Expanding Digital Payments Access
The PA license enables CorpZo to onboard merchants directly and manage their digital transactions efficiently. This direct access allows the company to better serve small businesses and underserved sectors, supporting financial inclusion across the country. By simplifying payment processing, CorpZo aims to increase digital payment adoption, particularly in small towns and rural areas where digital access is still growing.

Commitment to Compliance and Customer Satisfaction
As an RBI-regulated Payment Aggregator, CorpZo has met stringent criteria for security, technology, and financial stability. This commitment ensures that all payments processed through CorpZo comply with the highest standards of regulatory oversight, minimizing risks and building trust among merchants and end-users.