In a landmark development for India's fintech landscape, Pay Point India Network has become the first private-sector fintech to gain membership in the Centralised Payment System (CPS) operated by the Reserve Bank of India (RBI). This membership allows Pay Point India to directly access critical payment systems, including Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT), eliminating the need to rely on partner banks. Previously, access to CPS was restricted to banks and select large institutions, marking this as a significant structural shift in the payment ecosystem.

With its own IFSC code, Pay Point India can now maintain both a current account and a settlement account directly with the RBI, enhancing its operational capabilities. The CPS serves as a vital backbone for India's payment infrastructure, facilitating secure and efficient transactions for both high-value and retail payments, available 24/7. This direct access not only reduces transaction costs and delays but also improves data security by minimizing the number of intermediaries involved in transactions. Overall, this development represents a substantial advancement in the fintech sector, allowing for greater control over fund flows and reducing risks associated with payment finality.