Current Context: In September 2026, Pluxee India announced that it had received RBI authorisation on 3 August 2026 to operate as an Online Payment Aggregator (PA-O) and Physical Payment Aggregator (PA-P). The licence enables it to process online and physical point-of-sale payments for merchants.
- Licence categories: Payment Aggregator–Online and Payment Aggregator–Physical.
- PA-O: Covers payments made through websites, applications and other online platforms.
- PA-P: Covers face-to-face payments made through physical POS terminals.
- Merchant onboarding: Pluxee can directly register and verify merchants.
- Payment collection: It can collect customer payments on behalf of merchants.
- Settlement services: It can transfer collected funds to merchants and process refunds.
- Existing licence: Pluxee already holds an RBI authorisation for issuing Prepaid Payment Instruments.
- Former name: Pluxee India was previously known as Sodexo SVC India.
- Regulatory framework: The authorisation was granted under the Payment and Settlement Systems Act, 2007.
- Compliance: Pluxee must follow RBI rules relating to merchant KYC, escrow accounts, cybersecurity, grievance handling and prevention of money laundering.
- Importance: The approval allows Pluxee to expand its regulated merchant-payment network across India.
Questions:
Q1.Which company received RBI authorisation in August 2026 to operate as both an Online and Physical Payment Aggregator?
a) Razorpay
b) BharatPe
c) Pluxee India
d) Pine Labs
Answer: c) RBI authorised Pluxee India on 3 August 2026 to operate as an Online Payment Aggregator (PA-O) and a Physical Payment Aggregator (PA-P). The licence allows it to onboard merchants, collect online and POS payments, manage settlements and process refunds.
