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BharatPe’s Resilient Payments gets RBI approval for payment aggregator license

  • Resilient Payments Private Ltd., a subsidiary of BharatPe Group, has received RBI approval to operate as an online payment aggregator under the new brand BharatPe X.
  • With this license, BharatPe becomes the only fintech in India to hold an NBFC permit, a significant stake in Unity Small Finance Bank, and the right to act as a payment aggregator.
  • BharatPe X will target smaller cities, aiming to deepen its reach in tier-2 and tier-3 towns and provide merchants with more ways to accept and manage online payments.
  • BharatPe's platform currently serves over 1.3 crore merchants in more than 450 cities, processing about 450 million UPI transactions monthly and handling Rs 29,000 crore in annual point-of-sale transactions.

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