Digital payment startups Razorpay and Cashfree on Tuesday announced that they received final authorisation from the Reserve Bank of India (RBI) to operate as payments aggregators (PA).
Cashfree provides a full-stack payments solutions platform enabling over 100,000 growing businesses to accept and disburse payment online through a single integration.
The company is a 2017 alumnus of Y Combinator, the start-up incubator based in San Francisco, and has grown exponentially, processing over $12 billion annualised payment volumes as of March 2020.
