BharatPe Group company Resilient Payments Pvt Ltd has received approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
The approval positions BharatPe as the only fintech firm in India to hold an NBFC license via Trillion Loans, a stake in Unity Small Finance Bank, and a payment aggregator license.
BharatPe aims to deepen its presence in Tier II and III cities, where digital payment adoption is nascent but growing rapidly.
The company plans to launch an online payment aggregator platform under the brand 'BharatPe X', targeting deeper penetration in smaller cities and high-growth sectors.