“The Reserve Bank of India (RBI) has ordered Cashfree, Razorpay and Stripe to pause merchant on-boarding until the central bank issues them the payment aggregator (PA) licence it has tentatively approved for them, says a report from Entrackr. Last month, RBI asked Paytm Payments Services (Paytm) Ltd to re-submit the application to operate as a PA and not to on-board new online merchants until approvals remain pending.”