Pay Point India becomes first fintech to join RBI centralised payment systems directly

Published on 24 April 2026

Now it can access RTGS and NEFT without partners

Pay Point India has become the first fintech to join RBI’s Centralised Payment System, gaining direct access to RTGS and NEFT. The move cuts reliance on partner banks and may streamline settlement and improve speed for transactions. For the fintech sector, it signals deeper integration with core RBI payment rails and a potential shift in how smaller players operate.

Pay Point India is the first fintech member of RBI’s Centralised Payment System
Direct access to RTGS and NEFT replaces dependence on partner banks
The change could speed up payments and reduce settlement friction
It marks a wider fintech shift toward core RBI payment rails

#payments #neft #rtgs #rbi #fintech

Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic Times

Pay Point India becomes first fintech to join RBI centralised payment systems directly

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