Reserve Bank of India (RBI) grants Razorpay Payment Aggregator–Physical licence

Exam-focused facts from the 25 January 2026 current affairs briefing.

Key facts

Razorpay POS received the Reserve Bank of India (RBI) Payment Aggregator–Physical (PA-P) licence to process in-store transactions.
Razorpay now holds RBI licences PA-O, PA-P and PA-CB, the last obtained in December 2025.
The PA-P licence allows Razorpay to aggregate offline payments for large retail chains and SMEs.