How to Get a TPAP License? (Step-by-Step Process)

Step 1: Check Eligibility

Ensure your entity meets NPCI’s criteria (registered company, financial institution, or payment aggregator).

Step 2: Prepare Required Documents

• Certificate of Incorporation

• Memorandum & Articles of Association (MoA & AoA)

• KYC documents of directors & shareholders

• Audited financial statements

• Business plan & security policies

Step 3: Submit Online Application

Apply via NPCI’s official portal with accurate business and compliance details.

Step 4: NPCI Review & Verification

NPCI examines the application, conducts background checks, and assesses financial stability.

Step 5: Approval & License Issuance

If approved, NPCI grants the TPAP license, allowing the entity to operate in UPI.

Step 6: Ongoing Compliance

TPAPs must adhere to NPCI’s reporting, security, and operational guidelines.

Market Share Cap for TPAPs (NPCI’s 30% Rule)

To promote fair competition, NPCI imposes a 30% market share cap on TPAPs. Key aspects:
? Monitoring: NPCI tracks transaction volumes and alerts TPAPs at different thresholds.
? Exemptions: Temporary relief (up to 6 months) may be granted to avoid market disruption.
? Non-Compliance Penalties: Violations may lead to penalties under UPI guidelines.

Existing TPAPs exceeding the cap get two years to comply in a phased manner.

Should Payment Aggregators Get a TPAP License?

Yes! Payment aggregators benefit significantly from a TPAP license by:
✔ Expanding UPI-based payment offerings.
✔ Gaining trust among merchants and customers.
✔ Ensuring compliance with NPCI regulations.

Final Thoughts

The TPAP license is a gateway for fintech firms and payment aggregators to participate in India’s UPI revolution. By securing this license, businesses can ensure regulatory compliance, uild trust, and unlock growth in the digital payments space.

Need help with TPAP licensing? Consult legal and fintech experts to streamline your application process.

Visit here - https://www.corpzo.com/

Stay Updated!

NPCI periodically updates UPI guidelines, so keep an eye on official announcements to ensure compliance.

Would you like assistance with TPAP licensing? Let us know in the comments! ?

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