In May 2025, the Reserve Bank of India (RBI) granted significant approvals impacting India’s digital payments and financial services landscape.
QuickPay, the fintech platform of New Delhi(Delhi) based Quicktouch Technologies Limited, has received in-principle approval from the Reserve Bank of India (RBI) for a Payment Aggregator (PA) license under the Payment and Settlement Systems Act, 2007.
- Getepay, Jaipur(Rajasthan)-based digital payments and commerce solutions company, has received final authorisation from the RBI to operate as a PA online under the RBI’s payment regulatory framework.
- Also, New Delhi based Capital India Finance Limited(CIFL) receives RBI approval for sale and change in control of its material subsidiary, Capital India Home Loans Limited (CIHL).
QuickPay Receives RBI Approval for PA:
i.Though the QuickPay platform has received preliminary approval from the RBI, the platform still needs to fulfil compliance requirements before it can initiate full operations.
ii.Also, the company aims to finalize the necessary technical and operational validations as per RBI guidelines.
iii.QuickPay has also achieved Payment Card Industry Data Security Standard(PCI DSS) certification, reinforcing its commitment to secure and compliant digital payment processing.
Getepay Receives RBI Approval for PA:
i.In May 2025, Getepay has received final authorization from the RBI to operate as an online PA. This achievement makes Getepay the first company from Rajasthan to secure such a license.
ii.This approval enables the company to legally provide payment services and full digital solutions throughout India.
- With this PA license, Getepay aims to scale its operations pan-India and onboard millions of small businesses, especially from Tier 2, Tier 3, and rural India, under one platform.
iii.Getepay since its inception has served over 1.5 million merchants across diverse categories, ranging from kirana stores, micro-retailers, Electronic Commerce Store(Ecom Stores), education Institutes, service providers to small-scale manufacturers.
CIFL receives RBI approval for sale:
i.In May 2025, CIFL a Middle Layer Non-Banking Financial Company (NBFC) has received prior approval from the RBI to sell its entire shareholding in its material subsidiary, Capital India Home Loans Limited (CIHL) to Mumbai(Maharashtra) based Weaver Services Private Limited.
- This decision comes after CIFL’s board meeting held in October 2024, where it was resolved to sell its entire 100% stake in CIHL to Weaver Service.
ii.The transaction is priced at Rs. 267 crores and expected to conclude within 6–8 months, pending compliance with specified conditions .
iii.This transaction will enable them to reallocate resources towards areas with greater potential for growth and long-term value creation for all stakeholders.
About Quicktouch Technologies Limited:
Chief Executive Officer(CEO) – Sahhil Kumar
Headquarters –New Delhi, Delhi
Established – 2013
About Capital India Finance Limited(CIFL):
CIFL, formerly known as Bhilwara Tex-Fin Limited, was established on November 16, 1994.
Chief Executive Officer(CEO) – Pinank Jayant Shah
Headquarters – Mumbai, Maharashtra
