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Life after getting payment aggregator license: Thousands of merchants already pinging us, says Razorpay's Harshil Mathur

Inc42Inc42 · 15d
Life after getting payment aggregator license: Thousands of merchants already pinging us, says Razorpay's Harshil Mathur

Fintech companies such as Razorpay, Cashfree, EnKash, Open, and Payments have finally received approval from the Reserve Bank of India (RBI) to become payment aggregators (PAs) after waiting for over a year. This approval allows them to accept various payment instruments for e-commerce websites and merchants. Harshil Mathur, CEO of Razorpay, expressed his excitement about the approval and discussed the impact on their business, alternative strategies they implemented, and their plans to onboard new merchants. While the delay had some emotional impact, it had minimal financial impact, as the company focused on other business lines such as point of sale devices and international payments.

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