airpay Secures All Three RBI Payment Aggregator Approvals
Mumbai-based airpay Payment Services has received full authorisation from the Reserve Bank of India (RBI) to operate across the complete payment-aggregator framework, covering online (PA-O), physical/POS and QR (PA-P), and cross-border (PA-CB) services. This makes airpay one of the few regulated payment platforms in India to serve domestic and international merchants through a single compliant infrastructure.
Joins a Select Group of Fully Regulated Aggregators
With these approvals, airpay joins a select roster that includes Razorpay, Easebuzz, PayU and Pine Labs, all of whom have received multi-layered RBI authorisation for aggregation across online, offline and cross-border payment channels. The full-stack licence enables airpay to manage merchant collections, payouts and settlements for Indian enterprises, D2C brands and SMEs selling inside and outside India.
Cross-Border Expansion and Revenue Growth Outlook
The expanded regulatory authorisation is expected to drive significant scale. airpay projects a 30–40% increase in payment-processing volumes over the next 6–12 months, supported by merchant expansion and faster onboarding. The company also estimates that over 20% of its revenue will come from cross-border payment flows, as Indian exporters and SaaS operators target Europe, the Middle East and Southeast Asia.
Unified Infrastructure for Domestic and Global Commerce
Founded in 2012, airpay offers payments acquiring across UPI, QR, POS, payment links and merchant lifecycle management. With online, offline and cross-border aggregator licences now fully operational, airpay is positioned to enable domestic commerce, international expansion and multi-channel settlement from one regulated platform.
The unified stack is expected to reduce settlement risks, foreign compliance overhead, and operational friction for exporters, subscription platforms, SaaS companies and D2C brands scaling beyond India. The platform enables seamless collections and payouts without requiring separate intermediaries, banking tie-ups or cross-border gateways.
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