Paysharp Joins India’s Payment System with RBI Authorization

Paysharp, a Tamil Nadu-based startup, has received RBI's final authorization as a Payment Aggregator. Celebrating its growth, the company offers flat pricing for non-card-based payments and introduces new products like Link Payment and Payment Pages powered by UPI.

Paysharp, an emerging startup from Tamil Nadu, has been granted final authorization by the Reserve Bank of India (RBI) on August 30, 2024. This significant milestone follows its preliminary authorization in December 2022, solidifying its role in India's payment system.

Founded five years ago, Paysharp has raised a total of 23 crores in funding, with its latest round valuing the company at 200 crores as of March 2023. The company boasts ISO 27001:2022 and SOC 2 certifications, ensuring top-notch security standards. Now joining the ranks of 36 authorized payment aggregators like Razorpay, Cashfree, and Stripe, Paysharp aims to expand its reach to more merchants.

Focused on simplifying transactions, Paysharp offers flat pricing for non-card-based payments such as UPI and NEFT/IMPS/RTGS collections. The startup has launched innovative products like Link Payment and Payment Pages, allowing merchants to create payment links and custom pages to facilitate swift transactions. Paysharp targets sectors including the government, B2B, NBFC, SMBs, and e-commerce.

(With inputs from agencies.)