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BharatPe, one of India’s leading fintech startups, has received final approval from the Reserve Bank of India (RBI) to operate as an online Payment Aggregator (PA). The authorization was granted to its subsidiary, Resilient Payments Pvt Ltd, enabling the launch of its enhanced digital payments platform, BharatPe X. This milestone underscores BharatPe’s expansion in the digital payments ecosystem, vital for both online and offline merchants, especially in Tier 2 and Tier 3 cities.
Under this new framework, BharatPe aims to onboard over 100 large online merchants, including e-commerce brands, NBFCs, ride-hailing services, and educational platforms, while leveraging its existing base of 3–4 million offline merchants. The company plans to reduce dependency on external banks by deploying a proprietary payments stack via Unity Small Finance Bank (SFB), where it holds a 49% stake.
BharatPe’s advantage is magnified by its unique combination of a payment aggregator license, an NBFC, and a banking stake, setting it apart from competitors like Razorpay, Google Pay, and PayU.
Through BharatPe X, the firm plans to deliver seamless settlement, early payment options, and integrated merchant financing—enhancing its full-stack capability in digital transactions.
Recent strategic shifts include the initiation of a stake divestment in Unity SFB to comply with regulatory norms and raise capital. Investment bank Rothschild & Co has been engaged to facilitate the sale of 10–25% stake, in line with RBI’s requirement to reduce BharatPe’s holding to 10% by 2029. With consistent investor support (over $580M in funding), a strong merchant network of 1.3 crore+, and transaction volumes of ₹1.7 lakh crore via UPI, BharatPe is on course to deepen its influence in India’s fintech and digital payments sector.
Under this new framework, BharatPe aims to onboard over 100 large online merchants, including e-commerce brands, NBFCs, ride-hailing services, and educational platforms, while leveraging its existing base of 3–4 million offline merchants. The company plans to reduce dependency on external banks by deploying a proprietary payments stack via Unity Small Finance Bank (SFB), where it holds a 49% stake.
BharatPe’s advantage is magnified by its unique combination of a payment aggregator license, an NBFC, and a banking stake, setting it apart from competitors like Razorpay, Google Pay, and PayU.
Through BharatPe X, the firm plans to deliver seamless settlement, early payment options, and integrated merchant financing—enhancing its full-stack capability in digital transactions.
Recent strategic shifts include the initiation of a stake divestment in Unity SFB to comply with regulatory norms and raise capital. Investment bank Rothschild & Co has been engaged to facilitate the sale of 10–25% stake, in line with RBI’s requirement to reduce BharatPe’s holding to 10% by 2029. With consistent investor support (over $580M in funding), a strong merchant network of 1.3 crore+, and transaction volumes of ₹1.7 lakh crore via UPI, BharatPe is on course to deepen its influence in India’s fintech and digital payments sector.
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