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RBI clears payment aggregator licence for Razorpay, PineLabs & Stripe

Payment aggregators enable e-commerce sites and merchants to accept payment instruments from customers without the need for merchants to create their own payment integration system

Topics
RBI | Razorpay | Payment

Subrata Panda  |  Mumbai 



Photo: Bloomberg
Photo: Bloomberg

Several providers such as Razorpay, Pine Labs, Stripe, and 1Pay have received in-principle approval from the (RBI) for aggregator licences. More players are expected to get the central bank’s nod for the licence, people in the know said.

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First Published: Fri, July 08 2022. 17:46 IST

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