22 October 2024
Payments and banking platform for businesses, Razorpay has received RBI's approval for a Payment Aggregator (PA) License. The move endorses Razorpay as the country's full-stack financial platform and further reiterates the trust placed by over 8 million businesses in the platform to boost and support their business growth. The companies receiving authorization to operate as payment aggregators in India directly come under the purview of the RBI. A non-bank platform must opt for a license from the central bank.
Payments and banking platform for businesses, Razorpay has received RBI's approval for a Payment Aggregator (PA) License. The move endorses Razorpay as the country's full-stack financial platform and further reiterates the trust placed by over 8 million businesses in the platform to boost and support their business growth. The companies receiving authorization to operate as payment aggregators in India directly come under the purview of the RBI. A non-bank platform must opt for a license from the central bank.
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