With both Razorpay and Cashfree back in the business, industry insiders said there could be a price war breaking out in the online merchant payment space.
Razorpay received the final approval from the Reserve Bank of India to operate as a payment aggregator on December 19. Mathur says company is very much ready, and can on-board merchants from day one.
With the final licence in hand, merchant onboarding opens up for both startups. They had been placed under an embargo by the Reserve Bank of India from onboarding new merchants almost a year ago.
List Of India s Richest Self-made Entrepreneurs Of 2023 indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Radhakishan Damani: With a market cap of Rs 2,38,188 crore, Damani secured the first position. Meanwhile, Flipkart s Binny and Sachin Bansal closely followed on this prestigious list clinching the second position.