Correct Answer : Razorpay
Fintech firm, Razorpay has been asked by RBI to pause onboarding of new online payment merchants.
Reason : As the central bank requires to make certain changes and provide more information before it is granted the final payment aggregator (PA) licence.
Another fintech firm, Cashfree has also been asked to to temporarily stop onboarding new customers.
It is one among several fintech companies to receive in-principle approval from the
RBI for a
PA licence..
Source : Financial Express