A service providing entities that play the role of intermediate between banks and websites facilitating the communication of transaction information is known as payment gateway. They conceive information from the payer bank and take the information to the receiving banks and take care of their input, i.e. whether the transaction is accepted or not
As per RBI guideline Payment gateway are entities that provide technology infrastructure to route and facilitate the processing of an online payment transaction without any involvement in the handling of funds
Applicability of guideline
The issued guideline is applicable on all payment gateways may also adopt technology-related recommendation as follow:
Others provided in annexure 2 of guideline
Existing Payment Aggregators shall achieve a net-worth of ₹15 crores by March 31, 2021, and a net-worth of ₹25 crores by the end of the third financial year, i.e., on or before March 31, 2023. All the time thereafter net-worth of ₹25 crores shall be maintained.
date/ Authorisation date
₹ 15 Cr. Net-worth
₹ 25 Cr. Net-worth
For Existing PAs
31/03/2021 or application date whichever is earlier
Net worth consists of paid-up equity capital, preferred securities that are compulsorily convertible to equity, free reserves, balance in the share premium account and capital reserves representing surplus arising from the selling of assets but not reserves generated by the revaluation of assets adjusted for accrued loss balance, the book value of intangible assets and deferred revenue expenditure if any. Compulsorily convertible preferential shares can be either non-cumulative or cumulative and must be convertible into equity shares and the shareholder agreements will specifically prohibit any withdrawal of this preferential capital at any time.
Basic requirements for registration;
Benefits of Gateway:
Cost-effective for a small transaction
The payment aggregator model aims to provide a boost for the processing of credit card & wallet payments, with a limited start-up or fixed costs. A variable merchant fee is applied to each successful transaction in place of start-up fees or fixed rates.
Easy Access payment, on spot
It's easy to submit and set up even better. You can start processing e-commerce payments directly after signing up, or just pop the quick swipe on your mobile phone and you're ready to make payments on the go.
In India payment gateway can be made within 3-7 working days. Easy to add on the website. Time is money, and the faster you begin processing; the faster profits begin to roll in.
We share the detailed and reasonable estimated costs, documents and prerequisites for the complete process before starting the process to ensure transparency.
Our team warrants hassle free documentation. We collect the necessary documents and share the relevant drafts to ensure a timely filing and delivery.
Upon collecting the necessary documents and information, we waste no time in preparation and filing of your application. development on your application is brought to your attention.
On successful completion of the case we share all the relevant documents electronically and physically along with an assurance to pay you back if something is wrong.
The Payment Card Industry Data Security Standard (PCI DSS) is a set of security standards designed to ensure that all businesses accepting, processing, storing or transmitting credit card information maintain a safe environment.Read More
A company which has the object of cultivating the habit of thrift & savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and which complies with such rules as are prescribed by the Central Govt.Read More
Registration of NBFC's may be cancelled by the RBI for not conducting business in the manner specified in the respective statutes or due to any non-compliance. However, in certain circumstances, it is possible to apply for the revival of the NBFC whose liRead More
A Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 2013 of India, the main operations of NBFC include loans and advances, acquisition of shares, stock, bonds, hire-purchase insurance or chit-fund, but they do not incluRead More
An authorized company that is authorized to purchased foreign exchange from non-residents visiting India & residents & to sell foreign exchange for private & business travel purposes only is Known as Full fledged money changer (FFMC).Read More
Payment services operated under financial regulation and performed from or via mobile is known as Mobile payment wallet. Mobile payment wallet also referred to as mobile money, mobile money transfer and mobile wallet.Read More
An asset Reconstruction Company is a Company engaged in the business of buying bad loan from bank. These are specialized financial institutions that buys the bad loan, Non Performing Assets (NPAs) from banks & financial institution so that to clean up theRead More
The firms incorporated under the Companies Act 2013 as the public or private limited company having objective of financial activity are known as NBFC or Non-Banking Financial Companies.Read More
An autonomous group of people belonging to the same class willingly comes together to strive to be common economic, social and cultural objectives and criteria through a business that is jointly owned and democratically controlled by such citizens.Read More
An Altenative Investment Fund is a privately pooled investment vehicle that collects funds from investors and invest these funds in accordance with a defined investment policy for the benefits of its investors is known as Alternative Investment funds.Read More
A Collective Investment Scheme (CIS), is an investment scheme in which several individuals come together to pool their money to invest in a particular asset(s) with the motive to share the returns derived from the said investment in accordance with the agRead More
The SEBI (Alternative Investment Funds) Regulations, 2012 (“AIF Regulations”) also apply to AIFs in the IFSC. The "SEBI" published Operating Guidelines for Alternative Investment Funds in International Financial Services Centres on November 26, 2018 "Read More
An establishment in form of trust or institutions that records and maintains a complete record of transactions of investors for the benefit or convenience of mutual funds houses or listed entities are called as share transfer agents.Read More
Merchant banker is a company and is combination of consultancy and banking services. Activities of merchant banker in India are regulated by SEBI (merchant banker) rule 1992.Read More
Service providers through which e-commerce merchants can process their payment transactions are known as a payment aggregator, they are also known as merchant aggregator.Read More
A service providing entities which plays role of intermediate between banks and websites facilitating the communication of transaction information are known as payment gateway.Read More
Organization which is registered under companies act 2013 or 1956 and which facilitate financing activity such as loan, savings, and insurance to the needy people or to those who are incapable of getting loan from banks and other financial institutions dRead More
An Infrastructure Investment Trust (InvIT) is a collective investment scheme, similar to a mutual fund, that allows individual and institutional investors to invest directly in infrastructure projects in exchange for a small percentage of the income as aRead More
Uniquely repurpose strategic core competencies with progressive content. Assertively transition ethical imperatives and collaborative manufactured products.Write About Us
© 2022 Corpzo Ventures Private Limited.