RBI embargo on merchant onboarding for payment aggregators
Razorpay issued regulatory embargo affecting Reserve Bank of India on December 1, 2022.
- Primary
- Razorpay
- Counterparty
- Reserve Bank of India
- Structure
- regulatory embargo
- Date
- December 1, 2022
- Sub-sector
- Payments
RBI ban on merchant onboarding forces payment aggregators to pivot to alternative revenue streams, shifting competitive dynamics in Indian payments market.
Source: economictimes.indiatimes.com