New Delhi, February 16 In-Solutions Global Ltd (ISG) announced on Monday that it has received regulatory authorization from the Reserve Bank of India (RBI) across all three Payment Aggregator categories – online, offline, and cross-border.
The approval was granted under the latest RBI Master Directions for 2025-26.
With these approvals, ISG joins a select group of non-bank ecosystem players that are enabled to support merchant payments across domestic and international channels through a unified and fully compliant framework, the company said in a statement.
Together, the three licenses allow ISG to offer enterprises, banks, marketplaces, and digital platforms a single payment aggregation stack capable of managing online transactions, in-person payments, and cross-border import-export flows within a unified onboarding and settlement environment.
Adelia Castelino, Co-founder and Managing Director, ISG, said, "As India's digital commerce and cross-border trade accelerate, merchants and financial institutions need partners that are fully compliant and future-ready. ISG is proud to deliver exactly that."
With the online (PA-O) and offline (PA-P) approvals, ISG will expand its omnichannel merchant acceptance capabilities through a unified onboarding and settlement framework across digital and physical environments, it said.
This includes the deployment of Soft POS and proximity-based payment solutions to accelerate in-person acceptance, deeper integrations for marketplaces and platforms covering tokenization, payouts, refunds, chargebacks, and reconciliation, as well as bank-led and fintech-led acquiring programs built on ISG's global switching and payment infrastructure.
In addition, the PA-CB (cross-border) authorization, together with ISG's IFSCA license and international regulatory capabilities, positions the company to support compliant cross-border payment flows across multiple jurisdictions.