This page may contain stale information. Last updated: 2026-06-12
Overview
Razorpay is a major Indian payments company that launched agentic payments for merchants in March 2026 — a competitive reference point for pine-labs’s p3p-protocol.
Agentic Payments Model
- Deployed with merchants like PVR cinema chain
- AI agents can initiate booking flows
- Requires final customer consent before transaction completion — human-in-the-loop by design
- Razorpay frames consent as consumer control, not a technical limitation
Competitive Contrast
| Feature | Razorpay | Pine Labs P3P |
|---|---|---|
| Agent initiation | Yes | Yes |
| Per-transaction auth | Final consent required | Mandate-delegated within limits |
| Autonomy level | Partial | Full within mandate scope |