Jaipur-based fintech startup Getepay has received the final authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator (PA) online.

With the RBI’s final licence, the startup aims to scale up its operations, deepen merchant offerings and onboard small businesses, particularly from Tier II, III and rural pockets of India, in its one digital payments and commerce platform.

Additionally, Getepay seeks to expand its footprint and service offerings.

“With this RBI licence, we are now ready to deepen that impact, scale across India, and empower MSMEs with not just payments but complete commerce enablement. This is about building a digital foundation for India’s next wave of economic growth,” said Getepay’s founder and chief executive Pravin Sharma.

Founded in 2016 by Sharma, Getepay offers customised digital payment and commerce solutions to merchants. The company facilitates merchants with transaction, website and payment management options on its platform.

The startup claims to have onboarded more than 1.5 Mn merchants as its customers across categories, including kirana stores, micro-retailers, service providers and small-scale manufacturers

The fintech company also claims to have raised around $4 Mn since its inception. It counts Hyderabad Angels, ITI Growth Opportunities Fund and DBR Ventures LLP among its investors.

With this, the company joins the likes of PayU India, Easebuzz, MobiKwik’s subsidiary Zaakpay ePayment Services, BharatPe subsidiary Resilient Payments and PB Fintech’s wholly-owned subsidiary PB Pay, among others that have secured approvals for a PA licence since the start of this year.

(The story will be updated soon.)

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