BharatPe Group’s subsidiary, Resilient Payments Private Ltd., has secured the final approval from the Reserve Bank of India (RBI) to function as an online payment aggregator. This green light enables the fintech major to enhance its digital services ecosystem under its newly introduced brand — BharatPe X.
With this authorization, BharatPe stands out as the only Indian fintech entity to simultaneously possess a Non-Banking Financial Company (NBFC) license via Trillion Loans, a considerable equity in Unity Small Finance Bank, and now, the official capacity to act as a payment aggregator.
Nalin Negi, CEO of BharatPe, stated, “We are honored by the confidence shown in us by the regulatory bodies. This final authorisation marks not only a significant achievement but also a greater responsibility. It reflects the strength of our governance and operational rigor developed over the years. Our commitment remains focused on expanding digital payment solutions that are responsible, scalable, and in sync with the dynamic fintech environment.”
Expanding BharatPe X into Smaller Cities
Sandeep Indurkar, CEO of Resilient Payments, shared that BharatPe X will concentrate on increasing penetration in tier-2 and tier-3 cities, particularly by developing robust tech infrastructures that cater to emerging sectors. The platform will offer merchants advanced digital tools to manage and accept payments more efficiently.
“We aim to strengthen our presence in high-growth regions, enhance our digital offerings, and foster innovation in how businesses manage digital transactions. Execution will be key – with a focus on reliability, speed, and purpose-driven development,” Indurkar noted.
BharatPe’s Growing Market Footprint
Serving over 1.3 crore merchants across 450+ cities, BharatPe has established itself as a leader in integrated digital financial services. It currently processes more than 450 million UPI transactions each month. Its point-of-sale terminals account for annual transactions exceeding ₹29,000 crore. In addition, through strategic collaborations with non-bank financial institutions, BharatPe’s lending division has facilitated loans amounting to over ₹18,000 crore.
