About Us

MPurse Services Pvt. Ltd. is an RBI-licensed fintech company, operating in India’s digital payments ecosystem as both a Prepaid Payment Instrument (PPI) issuer and a Payment Aggregator (PA). Since 2007, the company has evolved from customer support services into a trusted digital payments partner.

Over the last few years, MPurse has reinvented itself by modernizing its infrastructure, policies, and compliance frameworks. Today, MPurse offers a wide range of secure and scalable payment solutions for merchants, enterprises, and banks.

Our Journey

MPurse Services Pvt.Ltd. was originally founded in 2007 as Hotline Callcenter Pvt.Ltd. In the Year 2014 MPurse obtained Prepaid Payment Instrument Authorisation from the DPSS of the Reserve Bank of India (RBI) and accordingly entered the payment industry through MPurse Wallet a semi closed prepaid wallet. In the year 2016 MPurse commenced Domestic Money Transfer (DMT) business as a Business Correspondent (BC) of Yes Bank Limited (YBL). In the year 2019 MPurse started it’s Payment Aggregation services and applied for the Payment Aggregation Authorisation from the RBI in September 2021, in terms of the RBI Guidelines. On 26 November 2022, MPurse Services was awarded In-Principle Authorisation to operate as Payment Aggregator by the RBI. At present, MPurse is one of the few entities in the Payment Industry which holds both PPI and PA Authorisation.