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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