BharatPe to double down on online payments after RBI licence approval

The push comes amid RBI's final licence approval and intensifying competition

BharatPe is ramping up its payments play, leveraging its payment aggregator licence and a payments stack built with Unity Small Finance Bank, where it owns 49 per cent stake.

 

The company is targeting to take on board at least 100 large online merchants, including the likes of e-commerce brands, non-banking financial companies (NBFCs), ride hailing platforms, educational institutions, among others.

 

The Gurugram-based firm, with a base of three to four million offline merchants, plans to reduce reliance on other banks, while expanding its payments stack at Unity SFB.

 

“Our focus would be to onboard top 100 merchants in top 10