Current Context: On 22 September 2026, Samvriddhi Inclusive Growth Network Private Limited (SIGN) announced that it had received in-principle approval from the Reserve Bank of India to operate as an Online Payment Aggregator (PA-Online). The approval supports its planned expansion into online payment services for merchants.
Key Points:
- Parent company: SIGN is a subsidiary of MOS Utility Limited.
- Existing business: The company provides assisted banking and financial-inclusion services through a customer-service-point network.
- Planned service: SIGN intends to help merchants accept online payments through UPI, QR codes, debit cards, credit cards and net banking.
- Additional tools: Its proposed services include payment links, digital collections and payment-management facilities.
- Target customers: The company plans to focus on small merchants in rural, semi-urban and underserved markets.
- Business expansion: PA-Online will be a dedicated digital business alongside SIGN’s existing assisted banking operations.
- Approval status: In-principle approval is an initial regulatory clearance. SIGN must meet the remaining RBI requirements before receiving final authorisation.
- Significance: The planned service could help smaller merchants offer customers more ways to pay and manage their online collections.
Question
Q1. Which company received RBI’s in-principle approval to operate as a PA-Online in September 2026?a) MOS Utility Limited
b) RNFI Money Private Limited
c) Samvriddhi Inclusive Growth Network Private Limited
d) NPCI Bharat BillPay Limited
Answer: c) Samvriddhi Inclusive Growth Network Private Limited (SIGN) announced the in-principle approval. It is a subsidiary of MOS Utility Limited.
