RBI recently granted license to over 50 payment aggregators to act as online payment aggregators. We provide a list of all the entities whose applications have been approved, are in process, or have been returned.
The Reserve Bank of India (RBI) has ordered Cashfree, Razorpay and Stripe to pause merchant onboarding until the central bank issues them the payment aggregator (PA) license it has tentatively approved for them, says a report from Entrackr.