In a significant development for India’s fintech landscape, Getepay, a digital payments and merchant enablement platform based in Jaipur, Rajasthan, has received final authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA). This approval positions Getepay as the first company from Rajasthan to secure such a license, marking a milestone in the state’s contribution to India’s growing digital economy.
Understanding Payment Aggregators
A Payment Aggregator (PA) is a service provider that enables merchants to accept various payment instruments from customers by integrating multiple payment options into a single platform. This includes credit cards, debit cards, Unified Payments Interface (UPI), net banking, digital wallets, and more. By consolidating these payment methods, PAs simplify the transaction process for both merchants and customers, enhancing the overall payment experience.
Getepay’s Journey and Services
Since its inception, Getepay has empowered over 1.5 million merchants across diverse sectors, including:
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Kirana stores
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Micro-retailers
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E-commerce platforms
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Educational institutions
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Service providers
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Small-scale manufacturers
The platform offers secure and accessible digital payment solutions tailored to the needs of small and medium-sized enterprises (SMEs).
Features and Benefits of Getepay
Getepay’s platform is designed to cater to the diverse needs of merchants, offering a range of features:
A. Multiple Payment Modes
Supports over 100 payment methods, including credit/debit cards, UPI, net banking, wallets, and EMI options.
B. Quick Onboarding
Merchants can get started in just a few minutes through an easy-to-use digital process.
C. Seamless Settlement Cycle
Ensures reliable and fast fund settlements, enhancing cash flow for businesses.
D. User-Friendly Dashboard
Provides an intuitive interface for managing transactions, tracking earnings, and viewing settlement statuses.
E. Dedicated Support
Offers compliance and support teams to assist merchants at every step.
Expanding Reach to Underserved Markets
With the RBI authorization, Getepay aims to scale its operations across India, focusing on:
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Tier-2 and Tier-3 cities
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Rural regions
The goal is to onboard millions of small businesses under a unified digital payments and commerce platform, fostering financial inclusion and economic growth in underserved areas.
Strategic Partnerships and Ecosystem Integration
Getepay’s Channel Partner program offers opportunities for individuals and businesses to collaborate and earn revenue by referring merchants. Benefits include:
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Zero-cost partnership
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Exciting commissions
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Access to pilot programs
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Preferential sales training
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Dedicated partnership manager
This collaborative approach strengthens Getepay’s ecosystem, enabling widespread adoption of digital payment solutions.
Commitment to Security and Compliance
Getepay prioritizes the security of transactions and compliance with regulatory standards:
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Utilizes AES 256-bit encryption
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Adheres to PCI DSS compliance
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Implements tokenization for saved cards
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Offers real-time transaction monitoring
These measures ensure safe and reliable payment processing for merchants and customers alike.
