Reserve Bank of India (RBI) Authorizes PayG for Offline and Cross-Border Payment Aggregator Licenses

Exam-focused facts from the 12 January 2026 current affairs briefing.

Key facts

The Reserve Bank of India (RBI) has granted approval to PayG to operate as both an Offline and Cross-Border Payment Aggregator.
PayG is now authorized to facilitate online payments, QR codes, and international transactions under RBI supervision.
The company currently provides payment solutions to over 1,000 small business partners and 50 large companies.
PayG has expanded its platform to offer more than 120 ways to pay since its launch in 2020.
The new licenses enable the company to support businesses with Point of Sale (POS) terminals and cross-border export transactions.