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The authorisation will allow the company to offer offline and in-store payment aggregation services through its existing distribution and field network.
By Megha Rani September 7, 2026, 4:40:06 PM IST (Published)
2 Min Read
RNFI Services has received in-principle authorisation from the Reserve Bank of India to operate as a Payment Aggregator – Physical (PA-P) under the Payment and Settlement Systems Act, 2007, the company said in a press release.
The authorisation will allow RNFI to offer physical, offline and in-store payment aggregation services through its existing distribution and field network, subject to conditions specified by the central bank.
The company said final authorisation will follow once it fulfils the applicable requirements within the stipulated timeline.
The approval adds a new regulated capability to RNFI’s payments business and allows it to leverage its existing distribution network, technology platforms and field operations for physical payments.
RNFI operates across several regulated financial services, including global money movement through an RBI-authorised AD Category-II licence, mutual fund distribution through an AMFI-registered ARN, insurance through its IRDAI-registered insurance broking business and stored-value services through the group’s RBI-authorised PPI business.
The PA-P authorisation expands RNFI’s regulated payments operations into the physical payments segment, allowing it to use its existing last-mile infrastructure for payment aggregation.
Simran Singh, Founder and Chief Strategy Officer at RNFI Services, said the approval would allow the company to extend its last-mile infrastructure into physical payments as a regulated Payment Aggregator.
“We have spent years building the infrastructure to take financial services closer to the last mile. This authorisation allows us to extend that infrastructure into physical payments as a regulated Payment Aggregator,” Singh said.
He added that the company aims to build capabilities that make its existing network more useful and bring more financial services onto the same infrastructure over time.
RNFI said its multi-channel distribution network includes freelance and independent workers, distributors, partners and its own employees. The network allows multiple financial services to be delivered through a common platform, supported by the company’s technology and field operations.
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