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Fintech s biggest hits and misses of 2023

Fintech s biggest hits and misses of 2023
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With licences in, payment aggregators gear up for rising demand from merchants

The RBI’s approval for companies such as Cashfree and Razorpay to onboard new merchants has come as a relief for the payments ecosystem.

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Razorpay, Cashfree to work as payment aggregators

Online payment processing companies RazorPay and Cashfree have received permission from the Reserve Bank of India to operate as payment aggregators after a yearlong embargo on admitting new merchants. Paytm and PayU are still awaiting their licenses. | Latest News India

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RBI lifts bar for RazorPay, Cashfree to operate as payment aggregators

A spokesperson for Razorpay said the firm has received the final authorisation from the Reserve Bank of India to operate as payment aggregator under the Payment Settlements Act

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RBI lifts embargo for Razorpay, Cashfree to operate as payment aggregators

RBI lifts embargo for Razorpay, Cashfree to operate as payment aggregators
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