Pay Point India Network became the first private fintech firm to receive direct membership in the Reserve Bank of India's Centralised Payment System on April 23, 2026. The company can now process transactions through Real Time Gross Settlement and National Electronic Funds Transfer without routing through partner banks.
Pay Point India has been assigned its own Indian Financial System Code. It maintains both current and settlement accounts at the RBI, enabling direct settlement without intermediary institutions.
Direct CPS membership was previously limited to scheduled commercial banks and select financial market infrastructure operators such as the National Payments Corporation of India and the Clearing Corporation of India. The RBI announced in April 2021 that non-bank payment system operators could apply for RTGS and NEFT membership. Pay Point India is the first private fintech to complete that admission process.