Question

Which fintech company's POS arm received RBI approval to operate as an Offline Payment Aggregator Physical (PA-P) in India?

• A. Paytm
• B. Razorpay
• C. PhonePe
• D. BharatPe

Hint:

RBI regulates payment aggregators to ensure secure digital transactions and protect merchant interests.

Answer 1

The Correct Option is B

Concept: A Payment Aggregator Physical (PA-P) is an RBI-regulated system that enables merchants to accept offline payments through physical POS devices.

• Supports digital transactions

• Helps merchants accept card payments

• Strengthens fintech ecosystem
Step 1: Understand PA-P approval.
RBI grants approval to fintech companies to: Process offline merchant payments securely through physical payment infrastructure.

Step 2: Recall the fintech company.
The company whose POS arm received RBI approval was: Razorpay

Step 3: Eliminate incorrect options.

• Paytm -- incorrect

• Razorpay -- correct

• PhonePe -- incorrect

• BharatPe -- incorrect

Step 4: Final conclusion.
Hence, the correct answer is: \[ \boxed{\text{Razorpay}} \]