Understanding the eligibility criteria for a Payment Aggregator License in India is essential before starting the application process.
Businesses must meet the applicable regulatory, financial, and operational requirements prescribed by the RBI.
The applicant should have a suitable business structure, adequate net worth, and a compliant governance framework.
Strong KYC, AML, data security, and risk management systems are also important for regulatory compliance.
Applicants must follow RBI guidelines relating to payment processing and customer protection.
Proper documentation and compliance readiness can help avoid delays or complications during the application.
