India RBI Regulated Entities (payment system operators, payment aggregators, PPI issuers, NBFCs, AAs)
Regulated register market (rbi pss act authorisations: payment system operators, pas, ppi issuers). The Kin Score Market layer reads each provider in its market: who it integrates with, how deep those integrations go, and where the market publishes its own structure. Methodology.
Where this market publishes its structure
- RBI authorised payment system operators (rbi.org.in PublicationsView.aspx?id=12043, dated 16 Oct 2026) machine-readable, 140 authorised entities (71 payment aggregators, 52 PPI issuers, 10 BBPOUs, 5 card networks, 6 MTSS, 5 WLAOs, 5 TReDS ...); 11 linked (5 Wikidata P856 / partner_link, 6 register-name incl. register-stated brands); 58 revoked / ceased / cancelled / surrendered rows context only
- RBI payment aggregators page (rbi.org.in bs_viewcontent.aspx?Id=4392) not machine-readable: the id resolves to an unrelated RBI recruitment result (2026-10-22); the PA list is read from id=12043's Payment Aggregators section instead
- RBI NBFC / ARC registered lists (rbi.org.in BS_NBFCList.aspx -> rbidocs.rbi.org.in XLSX / PDF) not machine-readable: the page carries only links; every rbidocs.rbi.org.in document answers with an F5 TSPD JavaScript bot challenge (2026-10-22); not passed
- Sahamati AA ecosystem (sahamati.org.in/aa-ecosystem) not machine-readable: 301 to the AA governance calendar (no participant list); the AA / FIP / FIU lists are already read by india-stack -> edges reused, not re-read
Own = declares at least one integration itself; covered = visible only because an aggregator, standards body, regulator or partner contract names it; distribution-only = listed only on cloud marketplaces it sells through, a channel reported beside, never counted as its own declared integrations; undeclared = nothing we can read, so no number; declares_compatibility = providers with a `compatible` shape vote, report only (kin, 2026-10-13): never counted as own, never in depth or position.
Taxonomy how this market maps onto apis.io
Derived 2026-10-23 from the 96 providers in this market we could resolve in the catalog. The percentage is the share of those providers carrying each one; it describes the market, not the tag or industry. Tag groups have no page of their own yet, so they are listed unlinked.
| Tags | India 99%, Fintech 82%, Lending 52%, Payments 42%, Financial Services 41% |
|---|---|
| Tag groups | Fintech 96%, Consumer Finance 21%, NBFC 21% |
| Industries | Financial Technology 83%, Payments & Money Movement 48%, Financial Services 41%, Banking & Open Banking 26% |
share of resolved cohort carrying it; tags >=0.20 & >=3 members (max 12, junk dropped), tag_groups >=0.20 (cooccurrence, non-cross-cutting; max 8), industries >=0.20 (max 6), areas >=0.10 (max 6; areas are keyword-matched and sparse), capabilities L1 >=0.20 (max 8); derive-market-taxonomy.py
Leaders by position (provisional)
Provisional: grouped by position, depth compared within a position only. Distribution (cloud marketplaces) and iPaaS bridges are counted beside position, never inside it. Unknown-builder listings are left out of position shares and counted here.
builds-on 4 · publishes apps on other platforms' stores
| Provider | Depth | Integrations | In / out | Unknown builder | Distribution | iPaaS bridge | Mix |
|---|---|---|---|---|---|---|---|
| Cashfree Payments | 44.9 | 5 | 0 / 5 | 0 | 0 | 1 | ipaas-bridge 20%, contract 20%, builds-on-platform 60% |
| Razorpay | 44.5 | 8 | 0 / 8 | 0 | 1 | 1 | ipaas-bridge 12%, contract 12%, standard 12%, builds-on-platform 50%, distribution 12% |
| Bizongo | 17.2 thin | 1 | 0 / 1 | 0 | 0 | 0 | builds-on-platform 100% |
| Instamojo | 10.1 | 32 | 0 / 32 | 0 | 0 | 31 | ipaas-bridge 97%, builds-on-platform 3% |
regulated 18 · named in a regulator's register or partners' contracts
| Provider | Depth | Integrations | In / out | Unknown builder | Distribution | iPaaS bridge | Mix |
|---|---|---|---|---|---|---|---|
| The Western Union Company | 55.6 | 3 | 0 / 3 | 0 | 0 | 0 | contract 67%, standard 33% |
| Kotak Mahindra Bank | 45.4 thin | 2 | 0 / 2 | 0 | 0 | 0 | contract 100% |
| Paytm | 43.5 thin | 2 | 0 / 2 | 0 | 0 | 0 | contract 50%, builds-on-platform 50% |
| FT Cash | 41.9 thin | 2 | 0 / 2 | 0 | 0 | 0 | contract 100% |
| PhonePe | 41.9 thin | 2 | 0 / 2 | 0 | 0 | 0 | contract 100% |
| Easebuzz | 38.3 | 3 | 0 / 3 | 0 | 2 | 0 | contract 33%, distribution 67% |
| Decentro | 28.8 thin | 2 | 0 / 2 | 0 | 1 | 0 | contract 50%, distribution 50% |
| Money View | 22.7 thin | 1 | 0 / 1 | 0 | 0 | 0 | contract 100% |
| Setu | 22.7 thin | 1 | 0 / 1 | 0 | 0 | 0 | contract 100% |
| Shriram Finance | 22.7 thin | 1 | 0 / 1 | 0 | 0 | 0 | contract 100% |
| SK Finance | 22.7 thin | 1 | 0 / 1 | 0 | 0 | 0 | contract 100% |
| Vastu Housing Finance Corporation | 22.7 thin | 1 | 0 / 1 | 0 | 0 | 0 | contract 100% |
| BillDesk | 19.2 thin | 1 | 0 / 1 | 0 | 0 | 0 | contract 100% |
| BlackBuck | 19.2 thin | 1 | 0 / 1 | 0 | 0 | 0 | contract 100% |
| CRED | 19.2 thin | 1 | 0 / 1 | 0 | 0 | 0 | contract 100% |
| Digio | 19.2 thin | 1 | 0 / 1 | 0 | 0 | 0 | contract 100% |
| PayMate | 19.2 thin | 1 | 0 / 1 | 0 | 0 | 0 | contract 100% |
| Aspora | 17.2 thin | 1 | 0 / 1 | 0 | 0 | 0 | contract 50%, standard 50% |
standard 3 · listed by a voluntary standard's own directory
| Provider | Depth | Integrations | In / out | Unknown builder | Distribution | iPaaS bridge | Mix |
|---|---|---|---|---|---|---|---|
| Perfios | 20.4 thin | 1 | 0 / 1 | 0 | 0 | 0 | standard 100% |
| Innoviti | 17.2 thin | 1 | 0 / 1 | 0 | 0 | 0 | standard 100% |
| Lentra | 17.2 thin | 1 | 0 / 1 | 0 | 0 | 0 | standard 100% |
distribution 2 · only sells through cloud marketplaces
| Provider | Depth | Integrations | In / out | Unknown builder | Distribution | iPaaS bridge | Mix |
|---|---|---|---|---|---|---|---|
| TartanHQ | 9.6 thin | 1 | 0 / 1 | 0 | 1 | 0 | distribution 100% |
| Xflow | 9.6 thin | 1 | 0 / 1 | 0 | 1 | 0 | distribution 100% |
undeclared 69 · declares nothing we can read: no number
| Provider | Depth | Integrations | In / out | Unknown builder | Distribution | iPaaS bridge | Mix |
|---|---|---|---|---|---|---|---|
| Adventum Student Living | undeclared | - | - | - | - | - | |
| Aerem | undeclared | - | - | - | - | - | |
| Aggra | undeclared | - | - | - | - | - | |
| Agraga | undeclared | - | - | - | - | - | |
| APAC Financial Services | undeclared | - | - | - | - | - | |
| Arthanfinance | undeclared | - | - | - | - | - | |
| Bachatt | undeclared | - | - | - | - | - | |
| Bankbazaar | undeclared | - | - | - | - | - | |
| BharatPe | undeclared | - | - | - | - | - | |
| CashFlo | undeclared | - | - | - | - | - | |
| Cholamandalam | undeclared | - | - | - | - | - | |
| Credgenics | undeclared | - | - | - | - | - | |
| Drivio | undeclared | - | - | - | - | - | |
| FairMoney | undeclared | - | - | - | - | - | |
| Falcon | undeclared | - | - | - | - | - | |
| Fi Money | undeclared | - | - | - | - | - | |
| Fibe | undeclared | - | - | - | - | - | |
| Finova Capital | undeclared | - | - | - | - | - | |
| Fivestargroup | undeclared | - | - | - | - | - | |
| Fundly | undeclared | - | - | - | - | - | |
| GrowXCD | undeclared | - | - | - | - | - | |
| High Mark Credit Information Services | undeclared | - | - | - | - | - | |
| HomeFirst | undeclared | - | - | - | - | - | |
| IKF Finance | undeclared | - | - | - | - | - | |
| Indifi | undeclared | - | - | - | - | - | |
| Itzcash | undeclared | - | - | - | - | - | |
| Jar | undeclared | - | - | - | - | - | |
| Jify | undeclared | - | - | - | - | - | |
| Jodo | undeclared | - | - | - | - | - | |
| JSW One | undeclared | - | - | - | - | - | |
| Jupiter Money | undeclared | - | - | - | - | - | |
| Juspay | undeclared | - | - | - | - | - | |
| Khatabook | undeclared | - | - | - | - | - | |
| Knight Fintech | undeclared | - | - | - | - | - | |
| KreditBee | undeclared | - | - | - | - | - | |
| Leap Finance | undeclared | - | - | - | - | - | |
| Leo1 | undeclared | - | - | - | - | - | |
| Mintifi | undeclared | - | - | - | - | - | |
| NAKAD | undeclared | - | - | - | - | - | |
| Niyo Solutions | undeclared | - | - | - | - | - | |
| Ofbusiness | undeclared | - | - | - | - | - | |
| Okcredit | undeclared | - | - | - | - | - | |
| Onecard | undeclared | - | - | - | - | - | |
| Oolka | undeclared | - | - | - | - | - | |
| Open (open.money) | undeclared | - | - | - | - | - | |
| Oto Capital | undeclared | - | - | - | - | - | |
| Oxyzo | undeclared | - | - | - | - | - | |
| Paytm Payments Bank | undeclared | - | - | - | - | - | |
| QwikCilver | undeclared | - | - | - | - | - | |
| Redcarpetup | undeclared | - | - | - | - | - | |
| Refyne | undeclared | - | - | - | - | - | |
| Rupeek | undeclared | - | - | - | - | - | |
| Rupifi | undeclared | - | - | - | - | - | |
| Shriram City | undeclared | - | - | - | - | - | |
| Slice | undeclared | - | - | - | - | - | |
| SwitchMe | undeclared | - | - | - | - | - | |
| TechProcess Payment Services | undeclared | - | - | - | - | - | |
| Three Wheels United | undeclared | - | - | - | - | - | |
| Transbnk | undeclared | - | - | - | - | - | |
| Ummeed Housing Finance | undeclared | - | - | - | - | - | |
| Uni | undeclared | - | - | - | - | - | |
| Upswing | undeclared | - | - | - | - | - | |
| Vauld | undeclared | - | - | - | - | - | |
| Vayana Network | undeclared | - | - | - | - | - | |
| Veritasfin | undeclared | - | - | - | - | - | |
| Vridhi Home Finance | undeclared | - | - | - | - | - | |
| WIBMO | undeclared | - | - | - | - | - | |
| Yubi | undeclared | - | - | - | - | - | |
| Zet | undeclared | - | - | - | - | - |
Generated 2026-10-24 from API Evangelist's own files; nothing on this page is a model's judgement. Provisional and unweighted; not part of the Kin Score composite or agent readiness. Read the Market layer methodology. Disagree with an edge? Every edge cites its evidence and can be corrected through the normal correction path.