Razorpay, Cashfree get RBI nod to operate as payment aggregators

Razorpay and Cashfree Payments have received final approval from RBI to operate as payment aggregators. This comes a year after the startups were asked by RBI to stop onboarding new merchants till they get the final approval for the payment aggregator licence. Paytm and Juspay are reportedly among the platforms that are yet to receive RBI's final nod.