RBI-recognised SRO
Self-Regulated PSO Association SRPA
Payment system operators: payment aggregators, wallets/PPIs, POS
Why it matters if you borrow or pay
- Founded by the people who run India's payment rails at the merchant end: CCAvenue's Vishwas Patel and BillDesk's M N Srinivasu.
- Expected to police member PSOs on settlement reliability, outage handling, merchant onboarding fraud and RBI payment-circular compliance.
What we're watching
- Website is skeletal ('more details coming soon') — no code of conduct, grievance process or member list published yet.
- 18 members vs ~30+ licensed payment aggregators: check who is and isn't covered.
Governance
Board / Governing Council
| Name | Role | Affiliation |
|---|---|---|
| Vishwas Patel | Director | Joint Managing Director - Infibeam Avenues (CCAvenue) |
| M N Srinivasu | Director | Co-founder - BillDesk |
Executive Committee / Office bearers
| Name | Role | Affiliation |
|---|---|---|
| Secretariat | Mumbai secretariat - Info@srpa.org.in |
Members (18)
| Organisation | Type | Website |
|---|---|---|
| BillDesk | member | www.billdesk.com |
| Concerto Software & Systems | member | |
| CRED | member | cred.club |
| Euronet | member | www.euronetworldwide.com |
| In-Solutions Global (ISG) | member | insolutionsglobal.com |
| Infibeam Avenues | member | www.infibeam.com |
| MobiKwik | member | www.mobikwik.com |
| Mswipe | member | www.mswipe.com |
| Open | member | open.money |
| OxyMoney | member | www.oxymoney.com |
| PayGlocal | member | payglocal.com |
| PayWorld | member | www.payworldindia.com |
| PhonePe | member | www.phonepe.com |
| Razorpay | member | razorpay.com |
| SabPaisa | member | sabpaisa.com |
| Spice Money | member | www.spicemoney.com |
| Unimoni | member | www.unimoni.com |
| Zokudo | member | www.zokudo.com |
Parsed from the SRO's published member page on 2026-09-10. Marketing rosters, not filings — see methodology.
Activity
- 2025-11-11 recognition SRPA becomes RBI-recognised SRO for payment system operators