Razorpay wins RBI Payment Aggregator-Physical licence for in-store retail transactions
Razorpay secured RBI's PA-Physical licence, letting it operate as an offline payment aggregator for in-store transactions across large retail chains and SMEs. The nod strengthens its omnichannel payment stack via POS terminals and soundbox hardware, deepening competition with Pine Labs, Paytm and Ezetap.
Razorpay secured RBI's Payment Aggregator-Physical licence, enabling it to operate as an offline payment aggregator for in-store transactions across large retail chains and SMEs, strengthening omnichannel payment infrastructure via POS and soundbox hardware.