Razorpay gets RBI approval for in-store payment aggregation
Razorpay POS has received the RBI’s PA-P licence, enabling it to aggregate physical, in-store payments. The approval adds to its online and cross-border payment licences and strengthens its omnichannel merchant offering, supported by the Ezetap POS hardware portfolio.
What happened
Razorpay POS received RBI’s PA-P licence to process physical in-store payments, expanding its omnichannel merchant infrastructure for large retailers and SMEs.
Key facts
- Three major RBI licences: PA-O, PA-P and PA-CB
- PA-CB licence secured in December 2025
- Ezetap acquired in August 2022
Why this matters
Razorpay’s full-stack payments position makes it a more consequential partner or competitor for POS, retail software and cross-border commerce platforms seeking integrated merchant payment capabilities.