Razorpay wins RBI approval to aggregate in-store payments
Razorpay POS has received the RBI’s Payment Aggregator–Physical licence, allowing it to process card and QR payments at physical stores and settle merchant funds. The approval strengthens its omnichannel proposition for retail chains and SMEs.
Razorpay POS received RBI’s Payment Aggregator–Physical licence, enabling it to process in-store card and QR transactions and settle merchant funds. The approval expands Razorpay’s omnichannel payments infrastructure for large retail chains and SMEs.
Why this matters
Razorpay’s RBI licence follows its BillMe acquisition to deepen omnichannel merchant payments and its India redomiciling and IPO plans, extending its push into physical-store payment workflows.
Omni-channel is steady, with 1,802 signals recorded in the past 90 days; no QoQ change figure was provided.