On the banking regulator's order, Razorpay said it is a temporary move and has no impact on Razorpay's existing business operations and current merchants.
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Cashfree aims to become the top payment service provider in the Middle East and North Africa region in the coming years. With Telr, Cashfree will develop a unified cross-border payments platform to help Indian merchants accept payments from customers in the MENA region and vice-versa.