Razorpay POS gets RBI approval for offline payment aggregator licence

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Razorpay POS, the offline payments arm of Razorpay, has received the Payment Aggregator Physical (PA-P) licence from the Reserve Bank of India (RBI).

With this approval, Razorpay now holds all three key RBI payment licences: online payment aggregator, offline (physical) payment aggregator, and cross-border payment aggregator placing it among a small group of fintech companies authorised to operate end-to-end across India’s payments ecosystem.

In recent months, RBI approved online, offline and cross border payment aggregation for around half a dozen…



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Razorpay POS gets RBI approval for offline payment aggregator licence


Razorpay POS, the offline payments arm of Razorpay, has received the Payment Aggregator Physical (PA-P) licence from the Reserve Bank of India (RBI).

With this approval, Razorpay now holds all three key RBI payment licences: online payment aggregator, offline (physical) payment aggregator, and cross-border payment aggregator placing it among a small group of fintech companies authorised to operate end-to-end across India’s payments ecosystem.

In recent months, RBI approved online, offline and cross border payment aggregation for around half a dozen…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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