Core Insights - Easebuzz has received authorization from the Reserve Bank of India (RBI) to operate as a payment aggregator, enabling it to provide a wide range of payment solutions for offline, online, and cross-border transactions [1][3] - The approval allows Easebuzz to support export-oriented businesses and enhances its service offerings to a diverse merchant base, processing three million transactions daily with an annualized Gross Transaction Value (GTV) exceeding $50 billion [3][4] - This development aligns with recent RBI authorizations for other firms like PayU and Infibeam Avenues, indicating a trend towards increased regulatory support for payment aggregators in India [2][5] Company Developments - Easebuzz's CEO, Rohit Prasad, emphasized the company's commitment to building compliant and secure payment solutions, highlighting the RBI's progressive approach in fostering innovation within the payments ecosystem [4] - The company aims to enhance its capabilities in cross-border payments, which is crucial for businesses serving international customers [3][4] Industry Context - The RBI's recent actions, including the designation of the Self-Regulated PSO Association (SRPA) as a self-regulatory organization, reflect a broader trend of regulatory support for payment system operators in India [5] - The growing number of authorized payment aggregators indicates a competitive landscape in the fintech sector, with firms like PhonePe also receiving approvals to operate as online payment aggregators [4][5]