Razorpay has secured a Payment Aggregator-Cross Border licence from the Reserve Bank of India (RBI). This approval allows the fintech firm to conduct inward as well as outward cross-border transactions under regulatory supervision, joining a limited number of companies permitted to operate in this space. The new licence introduces an additional regulatory requirement to Razorpay’s payments infrastructure. Several international companies, including Agoda, Airbnb, Klook, Hostinger, and Shopify, are said t ...