Razorpay POS gets RBI nod for offline payment aggregator licence

New Delhi: Fintech major Razorpay’s offline payments arm, Razorpay POS, on Thursday said it has secured licence from the RBI to act as an offline payment aggregator. With this authorisation, Razorpay now holds all three key RBI licences—online payment aggregator, cross-border payment aggregator (secured in December 2025), and offline payment aggregator, according to a company statement. The PA-P licence will allow Razorpay POS to scale its in-store payment infra, supporting high-volume transactions for diverse sectors ranging from large retail chains to SMEs. “Securing the RBI’s Offline Payment Aggregator License further strengthens our ability to support businesses with scalable, compliant in-store payments as they expand their omnichannel presence,” Razorpay MD and Co-founder Shashank Kumar said.