What SRPA actually does
Self-Regulated PSO Association SRPA
Payment aggregators' young SRO: founded by practitioners, one year old
SRPA (recognised 11 November 2025) is the youngest SRO — founded by payment-system operators, with CCAvenue's Vishwas Patel and BillDesk's M N Srinivasu on its board. Its first-year output is deliberately narrow: a code of conduct, market-integrity cautions, and DPIIT recognition plumbing.
Code of conduct & standards
- Code of Conduct adopted 8 Jan 2026 — fair merchant pricing, transparent onboarding, consumer data protection
- EMI and chargeback standards in draft per its public materials
- Marketplace-integrity positioning against onboarding fraud
Ecosystem & trust work
- Caution circulars aligned with RBI and police cyber-CID warnings on payment fraud
- DPIIT recognition application (industry status for PA sector)
- Merchant-education advocacy; 18 payment operators on its partner wall (Razorpay, PhonePe, CRED, MobiKwik, Mswipe, SabPaisa, PayU and others)
Gaps & open questions
- Site is sparse — no roster page with membership categories or join dates; logos are the only roster signal
- No published enforcement or complaint-handling framework yet
- Founding date/entity registration details not published on the site