Razorpay POS Secures RBI Payment Aggregator – Physical Licence
In January 2026, Razorpay’s offline payments arm, Razorpay POS (Point of Sale), has received the Payment Aggregator – Physical (PA-P) licence from the Reserve Bank of India (RBI), enabling it to function as an authorised payment aggregator for in‑store transactions.
In January 2026, Razorpay’s offline payments arm, Razorpay POS (Point of Sale), has received the Payment Aggregator – Physical (PA-P) licence from the Reserve Bank of India (RBI), enabling it to function as an authorised payment aggregator for in‑store transactions.
- What? Received Payment Aggregator – Physical (PA-P) licence
- Recipient: Razorpay POS
- By Whom? Reserve Bank of India (RBI)
- Segments Covered: Large retailers, enterprises, SMEs
- Significance: Razorpay now holds all three RBI PA licences
About Razorpay PA-P Licence:
Expansion: The PA‑P licence enables Razorpay POS to scale its in-store payment infrastructure, handling high-volume transactions for large retailers and Small and Medium-sized Enterprises (SMEs).
Hardware Suite: Razorpay POS provides Android Smart POS, magnetic stripe POS(mPOS), and soundbox devices for physical transactions.
PA Licensing: With this approval, Razorpay now holds all three key RBI PA licences – online (PA‑O), physical (PA‑P), and cross‑border (PA‑CB), making it one of the few fintech firms fully authorised to operate across India’s payments ecosystem.
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