The Reserve Bank of India (RBI) has notified RazorPay and Cashfree Payment Gateway Provider to stop on-boarding new merchants.
Razorpay is The leading Payment Gateway Provider In India and They stopped registering new users suddenly before a few days ago.
But still they are registering new clients for RazorpayX , Credit Cards and Ezetap.
RazorPay and Cashfree hold in-principal approvals for a payment aggregator licence to stop on-boarding new merchants till they get the final licence as per RBI Notice.
