Razorpay is an RBI-authorised payment aggregator for both inward and outward cross-border payments. The Reserve Bank of India’s authorised-operator register, dated 30 September 2026, lists Razorpay Payments Private Limited, formerly Razorpay Software Private Limited, under PA-CB-I & O. Razorpay announced its PA-CB authorisation on 2 December 2025.