Goa, Nov, 17th:- InstiFI, a Goa-based payment aggregator enabling secure and seamless digital payments, has been officially launched after receiving final authorisation from the Reserve Bank of India (RBI). This milestone makes InstiFI the only company from Goa to operate as a payment aggregator, marking a significant step in advancing the state’s digital economy.
InstiFI offers a comprehensive suite of digital payment solutions, including credit/debit card processing, Unified Payments Interface (UPI) services, net banking, and virtual accounts. Built on an API-driven, compliance-first infrastructure, the platform ensures secure, efficient, and seamless transactions for businesses across India. What distinguishes InstiFI is its human-first customer support model, prioritising real-time, human-to-human assistance over bots. This approach has helped the company build reliability among merchants while ensuring rapid issue resolution and operational transparency.
InstiFI’s target audience spans small and medium businesses (SMBs) across India, including those in urban centres that require scalable payment infrastructure and merchants in rural or underserved regions.
Prakash Ravindran, CEO and Director, InstiFI, said; “Going live as a licensed payment aggregator is the beginning of what we envision for InstiFI. Our goal is to build a trusted digital payments ecosystem that simplifies transactions for businesses of all sizes. Going forward, we aim to onboard more than 500 merchants, expand our payment gateway capabilities, and introduce innovative features that enhance speed, security, and compliance. This milestone reinforces our vision of positioning InstiFI as India’s Gateway of Trust, a partner that empowers businesses.”
Along with Prakash Ravindran, the leadership team at InstiFI comprises industry experts like Mohit Aggarwal (Co-founder), Anushree Chandra (CBO and Director), Arbaaz Jamal (COO and Director), and Faisal Nomani (Director). Together, they bring extensive expertise in digital finance, technology, and compliance management.