WebThe Reserve Bank of India has asked Razorpay and Cashfree to temporarily stop the onboarding of new customers for their payment processing business, according to a source. On the banking regulator's order, Razorpay said it is a temporary move and has no impact on Razorpay's existing business operations and current merchants. WebDec 16, 2024 · 16 Dec 2024, 05:20 PM IST. Razorypay, one of the country's leading payment processors, has halted the onboarding of new merchants following an advisory issued to them by the Reserve Bank of India. The action is not punitive in nature and is part of the licencing process. "As part of the process for the final authorisation of our PA/PG license ...
RBI asks Razorpay to pause onboarding merchants
WebDec 16, 2024 · The Reserve Bank of India has asked Razorpay and Cashfree to temporarily stop the onboarding of new customers for their payment processing business, according to a source. On the banking regulator's order, Razorpay said it is a temporary move and has no impact on Razorpay's existing business operations and current merchants. "RBI has … WebDec 16, 2024 · The Reserve Bank of India has asked Razorpay and Cashfree to temporarily stop the onboarding of new customers for their payment processing business, according to a source. On the banking regulator ... ionian sw
RBI asks Razorpay to stop onboarding new merchants: Reports
WebJan 2024 - Present4 months. Toronto, Ontario, Canada. Automated REST API testing (of enterprise payments) using the Cucumber framework and brought BDD into practice. Reviewed system requirements, designed documents and created detailed documentation of test cases. Conducted manual testing of REST API using ParasoftSoatest and raised … WebDec 16, 2024 · The Reserve Bank of India has asked multiple payment gateways, including Razorpay, which had received the regulator’s in-principle nod for a payment-aggregator … WebDec 16, 2024 · 1x 1.5x 1.8x. Fintech giant Razorpay has been asked by the Reserve Bank of India (RBI) to pause onboarding of new online payment merchants as the central bank … ontario red health card