Razorpay, Cashfree get final approval from RBI to function as payment aggregators ...Middle East

New Delhi: Digital payment startups Razorpay and Cashfree on Tuesday announced that they received final authorisation from the Reserve Bank of India (RBI) to operate as payments aggregators (PA). “Razorpay has now received the final authorisation from the Reserve Bank of India @RBI to operate as a Payment Aggregator (PA) under the Payment Settlements Act, 2007. We are delighted to be one of the first Payment Gateways to have received the final PA license from RBI,” Razorpay wrote on X. Cashfree also confirmed the development on X, saying: “We have received the final authorisation to operate as a payment aggregator by the RBI. We are thrilled to announce that we are now onboarding businesses

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