Easebuzz gets RBI's final nod to run online, offline and cross-border payments

Easebuzz on Wednesday secured approvals from the Reserve Bank of India (RBI) to operate as a full-service payment aggregator, allowing the company to handle online, offline, and cross-border transactions.

The authorisations place Easebuzz in a small cohort of payment-centric fintech companies, including Pine Labs, PayU and Concerto, that have cleared all three regulatory gates.

With the RBI approvals, the company can offer merchants a unified fintech stack, spanning internet payments, point-of-sale systems, UPI soundboxes, and cross-border flows.

Before 2025, Easebuzz did not have the full final Payment Aggregator (PA) license from the RBI. The company received in-principle approval earlier, but the final authorisation was granted only in February 2025, which allowed it to operate officially as an online payment aggregator.

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Before getting the license, Easebuzz focused on providing technology-based payment solutions and scalable APIs to digitise collections and facilitate payments for small businesses and MSMEs, bundling plug-and-play APIs for payments, billing, payouts, subscriptions, expense management, and sector-specific workflows.

The company differentiates itself through a vertically integrated approach—offering sector-specific SaaS tools embedded with payment solutions across industries, such as education, real estate, ecommerce, BFSI, government, and travel.

Its marquee clients include Zepto, Bigbasket, Bajaj FinServ, IRCTC, Star Health Insurance, Symbiosis University, and DLF. The platform supports over 200,000 businesses across India.

Shortly after getting the license, the Pune-based digital payments platform raised $30 million in a Series A round in April 2025, led by Bessemer Venture Partners. The round, which included both primary and secondary transactions, had drawn participation from existing investors 8i Ventures and Varanium Capital.

The company processed over $30 billion in gross transaction value (GTV) in FY25, more than 10x its $300 million annual GTV from earlier years. Revenue doubled to Rs 650 crore from Rs 294 crore in FY24.