Razorpay POS's RBI licence to aggregate in-store payments resurfaces from January 2026
Razorpay POS received the RBI's Payment Aggregator–Physical licence in a January 2026 move now resurfacing, allowing it to process regulated in-store payments for retail chains and SMEs. The approval adds to Razorpay's online and cross-border aggregator licences, strengthening its omnichannel payments stack.
Razorpay POS received RBI’s Payment Aggregator–Physical licence, enabling regulated in-store payment processing for retail chains and SMEs. The fintech now holds online, physical and cross-border aggregator licences, strengthening its omnichannel payments infrastructure in India.
Why this matters
The licence builds on Razorpay's prior RBI approval for in-store payment aggregation and its Replit partnership to localise Indian payments, extending the company's payment infrastructure across digital and physical retail.
Omni-channel is accelerating, up 189800% QoQ, as payment providers link online and in-store transactions.