Policy · Financial Services
Pluxee India secures RBI payment aggregator licence
By Startup Enthusiast ·
- Date
- Company
- Pluxee India
- What it does
- Employee benefits and payments platform
- Kind
- Policy
- Founded
- 1997
- Sector
- Financial Services
What they do
Pluxee India provides digital employee benefits and engagement solutions, including meal, childcare, and wellness programs for over 11,000 corporate clients…
What happened
The company received a payment aggregator licence from the Reserve Bank of India to manage online and physical point-of-sale merchant transactions directly
Why it matters
This regulatory approval allows the firm to process payments and settlements, supporting its expansion of merchant networks and digital reimbursement…
The details
- Pluxee India received a Payment Aggregator licence from the RBI on 3 August 2026.
- This licence covers both online and physical point-of-sale payment processing for the company.
- The authorisation enables the firm to collect payments, manage settlements, and handle refunds for its merchant partners.
- The company previously held a Prepaid Payment Instrument authorisation, which it first obtained in 2009.
- This new licence is mandatory for companies operating a Merchant Acquiring business under current regulations.
The bigger picture
- The licence allows the company to continue onboarding merchants directly into its payment ecosystem.
- Pluxee India aims to use this approval to expand its merchant footprint across 2,200 cities.
- The company has been digitising its services since 2016, moving from paper vouchers to electronic cards.
About the business
- Pluxee India offers solutions for meal, childcare, wellbeing, learning, and employee rewards.
- The platform serves over 3.5 million consumers and 11,000 corporate clients.
- It supports card payments, mobile QR codes, and NFC-based proximity payments for merchants.
- The company operates on the Rupay Card network for benefits like fuel and telecom.
- It introduced AI-led bill processing in 2024 to streamline employee reimbursements.
- The firm acquired corporate childcare provider ProEves in 2025 to expand its service portfolio.
- It maintains ISO 27001 and PCI-DSS certifications to ensure data security.
What happens next
- The company plans to expand its merchant network across India using the new licence.
The deal
- Type
- policy
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