RBI authorises ISG to operate as payment aggregator

In-Solutions Global (ISG), a fintech solutions provider, said on Wednesday that it has received full authorisation to operate as a payment aggregator under the Reserve Bank of India’s regulatory framework for Payment and Settlement Systems. ISG, a fintech and payments firm, said the milestone strengthens its position as a trusted partner for businesses seeking cutting-edge payment solutions. 

The company said that the development reinforces its commitment to delivering secure, compliant, and seamless payment solutions that empower businesses and enhance customer experiences. It also said that the achievement complements its existing authorisations and capabilities, including its recent recognition as a prepaid payment instrument (PPI) provider. 

Together, these credentials will empower ISG to deliver comprehensive, integrated payment solutions that cater to diverse industries and use cases, including online and
offline transactions, transit systems and gift cards, the company said.

As a fully authorised payment aggregator, ISG will continue to act as a key enabler in the country’s digital payments ecosystem, providing merchants and enterprises with robust and reliable payment processing capabilities.

“Receiving full authorisation as a Payment Aggregator is a testament to ISG’s unwavering dedication to innovation, compliance, and service excellence. This milestone strengthens our position as a trusted partner for businesses seeking cutting-edge payment solutions," said Adelia Castelino, Managing Director at ISG. 

“This authorisation marks a significant milestone in ISG’s journey of growth and innovation. With this regulatory approval, we are poised to scale new heights—delivering a secure, compliant, and efficient payment solution that is time-tested for scalability and uptime," said Ranjeet Jaiswal, Senior Vice President of Business, ISG. 

"Our goal is to empower merchants and consumers alike through seamless payment experiences, all while maintaining our unwavering commitment to customer satisfaction and innovation," added Jaiswal. 

This authorisation aligns with ISG’s mission to deliver best-in-class solutions that meet the highest regulatory standards, ensuring seamless, secure, and scalable payment operations.