Current Affairs - Finance - Discussion

Razorpay has achieved an important regulatory milestone with its POS division receiving approval from the Reserve Bank of India to function as an Offline Payment Aggregator. This authorisation allows the company to facilitate in-store digital transactions, onboard offline merchants, and manage settlement processes in compliance with RBI norms. With this approval, the company now holds licences for online, cross-border, and offline payment aggregation, giving it a comprehensive presence across the digital payments value chain. The move strengthens its ability to support retailers, SMEs, and service providers as India rapidly adopts cashless and contactless payment solutions.