Razorpay, Cashfree receive final RBI nod for payment aggregator biz Other players such as PayU, Paytm, JusPay, among others are yet to receive a nod from the regulator to onboard new merchants
Science and Technology
The embargo to onboard new merchants has been lifted today. The company has received the Payment Aggregator (PA) license from the RBI. It will now onboard new merchants on its payment gateway,” a Cashfree Payments’ spokesperson told Business Standard.In December last year, the RBI had asked Razorpay and Cashfree to stop onboarding new merchants.
The companies said they secured a Payment Aggregator (PA) license from the regulator on Tuesday.
In December last year, the RBI had asked Razorpay and Cashfree to stop onboarding new merchants.
The embargo to onboard new merchants has been lifted today. The company has received the Payment Aggregator (PA) license from the RBI
Founders: Harshil Mathur, Shashank Kumar
Founded: 2013
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