Razorpay POS Secures RBI Offline Payment Aggregator Licence
Finance
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CNBC TV18•22-01-2026, 13:32
Razorpay POS Secures RBI Offline Payment Aggregator Licence
- •Razorpay POS, the offline payments division of Razorpay, has received the Payment Aggregator – Physical (PA-P) licence from the Reserve Bank of India (RBI).
- •This approval allows Razorpay POS to operate as an authorised payment aggregator for in-store transactions, enhancing its regulatory standing.
- •The licence strengthens its capability to process high-volume, in-store payments for various businesses, including large retailers, enterprises, and SMEs.
- •With this, Razorpay now holds three key RBI authorisations covering online, offline, and cross-border payments, the latter secured in December 2025.
- •The PA-P framework by RBI aims to regulate physical payment aggregation, supporting businesses integrating online and offline payment acceptance.
Why It Matters: Razorpay POS receives RBI's PA-P licence, solidifying its position in offline payment aggregation.
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