Payment Aggregator
Payment Aggregator (PA)
FintechA licensed intermediary that lets merchants accept many payment methods without direct bank integrations, holding funds briefly in escrow during settlement.
Why it matters
PAs are the plumbing of online commerce; RBI licensing, escrow rules, and settlement timelines determine merchant cash flow and customer protection.
Indian example
Related terms
Learn the concept
Payments Landscape →From the research
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