• Airpay receives RBI approval for online, offline/POS-QR, and cross-border payment aggregation.
• The fintech can now manage domestic and international payments on one unified, compliant platform.
• Company expects a 30-40% rise in processing volumes and over 50,000 new merchants in the next year.

Airpay Payment Services has become one of the few Indian fintech players to secure all three payment-aggregator licenses from the Reserve Bank of India (RBI). The Mumbai-based company has now received authorization to operate as an online payment aggregator (PA-O), a physical/POS and QR aggregator (PA-P), and a cross-border aggregator (PA-CB).

With the full set of approvals, Airpay joins a select group that includes Razorpay, PayU, Easebuzz, and Pine Labs. This allows the company to support both domestic and international transactions across online, offline, and QR-based merchant channels through a single regulated infrastructure.

Airpay said the licenses will enable it to offer seamless collections, payouts, and settlements for Indian enterprises, D2C brands, exporters, and SMEs operating in India and overseas. The company expects the expanded framework to boost its processing volumes by 30-40% in the next 6-12 months. It also projects that cross-border payments will contribute more than 20% of its revenue during this period, supported by plans to onboard over 50,000 merchants.

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Founded in 2012, Airpay offers services across UPI acquiring, QR payments, payment links, PoS systems, and merchant lifecycle management. With the new licenses, it is positioned to help Indian businesses expand globally while reducing settlement risks and compliance burdens especially for SaaS firms, exporters, subscription services, and D2C brands targeting markets in Europe, the Middle East, and Southeast Asia.