PAYMENT GATEWAY
Imagine your customer is ready to buy — cart filled, details entered — but your website fails to process the payment.
Result? A lost sale and a frustrated customer.
That’s where Payment Gateways come in — they are the digital bridges between customers, merchants, and banks, ensuring every online payment is fast, secure, and compliant.
A Payment Gateway is a digital infrastructure that facilitates online payments by securely transferring transaction data between the customer, the merchant, and the bank. Whether you’re a fintech startup, e-commerce platform, or SaaS company — understanding the process of Payment Gateway Registration is crucial to ensure legality, data security, and customer trust.
Why Payment Gateway?
- Accept Multiple Payment Modes: Enables transactions through cards, UPI, wallets, and net banking.
- Faster Transactions: Ensures quick and seamless payment processing with instant confirmation.
- Global Reach: Allows businesses to accept international payments and expand customer base.
- Easy Record Management: Simplifies payment tracking, settlements, and reconciliations.
- Builds Credibility: Enhances brand trust by offering secure and reliable payment options.
- Detailed Analytics: Provides insights into customer payment patterns and transaction reports.
- Reduced Cash Handling: Minimizes manual errors and dependency on physical cash transactions.
FAQs
A Payment Gateway provides the technology for transaction processing, while a Payment Aggregator collects payments on behalf of merchants. Both require RBI approval.
₹15 crore net worth at registration, to be increased to ₹25 crore within three years.
Yes, but they must incorporate a subsidiary in India and store data domestically.
No. Only Private Limited or Public Limited companies are eligible as per RBI guidelines.
Yes, to hold customer payments temporarily before settlement with merchants.
Yes, if it meets RBI’s net worth, security, and compliance requirements.
No. Separate RBI licenses are required for NBFC or Prepaid Payment Instrument (PPI) activities.