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Razorpay

Razorpay to offer international payments to Indian freelancers via export account

Razorpay to offer international payments to Indian freelancers via export account

Mon, Jun 24, 2024

International payments for exporters largely rely on International Bank Transfers, with SWIFT being one of the primary modes. However, these transactions come at a significant cost, as per RBI reports, with approximately $13 spent on SWIFT charges for every $200 remitted.

AI-based sales startup OrbitShift raises $7 million

AI-based sales startup OrbitShift raises $7 million

Thu, Jun 20, 2024

The California-based startup plans to use the capital to expand its customer base and further develop solutions for its customers.

Razorpay announces 'UPI Switch' in partnership with Airtel Payments Bank

Razorpay announces 'UPI Switch' in partnership with Airtel Payments Bank

Tue, Apr 23, 2024

Boosting success rates by 4-5 per cent, the solution is designed to handle up to 10,000 transactions per second (TPS) at any given time, according to a release. The 'UPI Switch' will also enable 5 times faster access to UPI (Unified Payments Interface) innovations for businesses, it added.

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Yogi Adityanath govt to renovate 84 Kosi Parikrama route in Ayodhya

Yogi Adityanath govt to renovate 84 Kosi Parikrama route in Ayodhya

Tue, Mar 19, 2024

The 84 Kosi Parikrama is a tradition that has been there for thousands of years, with the belief that it delivers the performer from the cycle of birth and death.

Razorpay surpasses $150 billion in TPV, unveils new payment gateway & AI chatbot

Razorpay surpasses $150 billion in TPV, unveils new payment gateway & AI chatbot

Fri, Feb 23, 2024

rAs per the Finance Ministry's latest monthly economic review, India is set to become the world's third-largest economy with a GDP of $7 trillion by 2030.

Razorpay introduces 2-minute instant refunds on failed UPI transactions

Razorpay introduces 2-minute instant refunds on failed UPI transactions

Mon, Jan 22, 2024

Investors such as Lone Pine Capital, Alkeon Capital, TCV, GIC, Tiger Global, Sequoia Capital India, Ribbit Capital, Matrix Partners, Salesforce Ventures, Y Combinator and MasterCard have invested $741.5 million in Razorpay to date.

Razorpay acquires digital invoicing startup BillMe

Razorpay acquires digital invoicing startup BillMe

Wed, Sep 13, 2023

Fintech platform Razorpay on Tuesday said it has acquired Mumbai-based digital invoicing and customer engagement startup BillMe.

Razorpay launches account for Indian exporters, offers savings on overseas bank transfers

Razorpay launches account for Indian exporters, offers savings on overseas bank transfers

Wed, Jul 26, 2023

Fintech company Razorpay on Wednesday announced the launch of its MoneySaver Export Account to offer up to 50 per cent savings on international bank transfers for Indian exporters.

Razorpay sets up advisory board to boost corporate governance

Razorpay sets up advisory board to boost corporate governance

Tue, Apr 18, 2023

The company appointed Arijit Basu, former managing director, State Bank of India; former telecom secretary Aruna Sundararajan; and K.P. Krishnan, former secretary, Ministry of Skill Development and Entrepreneurship as members of the advisory board.

Layoffs? Indians splurging more on air travel & movies, dining out

Layoffs? Indians splurging more on air travel & movies, dining out

Tue, Apr 11, 2023

Online travel aggregators saw a massive 224 per cent increase in transaction value in the April 2022-March 2023 period, according to the report by full-stack payments and banking platform Razorpay. The consumer spending on movies saw a whopping 173 per cent growth and the launch of the movie `Pathaan` resulted in a massive 70 per cent jump in multiplex transactions over the daily average.

Razorpay allows merchants to accept credit card payments via UPI

Razorpay allows merchants to accept credit card payments via UPI

Tue, Dec 06, 2022

The company said that move is made possible in partnership with Axis bank, which shares Razorpay's focus on catering to the ever-evolving needs of merchants and delivering greater convenience.

Indian startups make deep hiring cuts, permanent employee hiring down 61%

Indian startups make deep hiring cuts, permanent employee hiring down 61%

Tue, Nov 01, 2022

The changing dynamics of the startup ecosystem has resulted in massive shifts in hiring patterns in the last 12 months.

Razorpay acquires startup PoshVine to foray into loyalty, rewards management market

Razorpay acquires startup PoshVine to foray into loyalty, rewards management market

Wed, Sep 28, 2022

Since 2016, PoshVine has been offering its loyalty-as-a-service product to over 20 banks and networks such as SBI Card, HDFC Bank, IDFC FIRST Bank, AU Bank, DBS, Visa and Amex across India and SEA (South East Asia).

Chinese loan apps case: Paytm and Cashfree Payments react to ED raids – check what they say

Chinese loan apps case: Paytm and Cashfree Payments react to ED raids – check what they say

Sun, Sep 04, 2022

The Enforcement Directorate Saturday said it is conducting raids at Bengaluru premises of online payment gateways like Razorpay, Paytm, and Cashfree as part of an ongoing probe.

Chinese loan apps case: Enforcement Directorate raids premises of online payment gateways Razorpay, Paytm, Cashfree

Chinese loan apps case: Enforcement Directorate raids premises of online payment gateways Razorpay, Paytm, Cashfree

Sat, Sep 03, 2022

The federal probe agency said it has seized Rs 17 crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities", during the raids.

Highest ever in one tranche by any venture capital fund! Sequoia raises USD 2.85 billion to fund Indian startups, others

Highest ever in one tranche by any venture capital fund! Sequoia raises USD 2.85 billion to fund Indian startups, others

Tue, Jun 14, 2022

Venture capital firm Sequoia India and Southeast Asia has raised USD 2.85 billion - the highest ever in one tranche by any venture capital fund - to fund startups and other ventures in the region, the company said in a statement.

Razorpay raises $375 mn from Lone Pine Capital, others; valuation more than doubles to $7.5 bn

Razorpay raises $375 mn from Lone Pine Capital, others; valuation more than doubles to $7.5 bn

Mon, Dec 20, 2021

Razorpay has raised USD 375 million (about Rs 2,850 crore) in fresh funding from Lone Pine Capital and others at a valuation of USD 7.5 billion, which has more than doubled since the fintech major's last funding round in April this year, its co-founder and CEO Harshil Mathur said.

Razorpay eyes USD 90 billion TPV by 2022, launches new solutions to enhance payment experience

Razorpay eyes USD 90 billion TPV by 2022, launches new solutions to enhance payment experience

Thu, Dec 09, 2021

Razorpay said it has seen strong growth in the number of payments processed on its platform, and it expects its total payment volume (TPV) to touch USD 90 billion by end of next year.

WHOPPING! Digital transactions grow 80% in last 250 days in India – Check this Razorpay report

WHOPPING! Digital transactions grow 80% in last 250 days in India – Check this Razorpay report

Mon, Aug 09, 2021

Digital transactions have grown by 80 per cent in the last 250 days in India and the home services industry (such as carpentry, plumbing and more) has started to embrace digital payments, making transactions grow by a mighty 138 per cent, a new report showed on Monday.

Accelerating SME growth! Suite of products for MSMEs from Razorpay with eyes on $50 billion

Accelerating SME growth! Suite of products for MSMEs from Razorpay with eyes on $50 billion

Sun, Dec 20, 2020

Newly crowned Fintech Unicorn, Razorpay, has announced its plans to achieve $50 Billion TPV (Total Payment Volume) by the end of 2021.

MSMEs alert! Seeking loan? Now, borrow collateral-free money instantly with this facility

MSMEs alert! Seeking loan? Now, borrow collateral-free money instantly with this facility

Tue, Sep 08, 2020

Are you running a small business? Struggling to get a business loan? Now, you can borrow money instantly with Razorpay’s ‘Cash Advance’ Credit Line.

From 7 days to just under 5 mins! RazorpayX launches Payout Links, automates money transfers without bank details

From 7 days to just under 5 mins! RazorpayX launches Payout Links, automates money transfers without bank details

Tue, Jun 09, 2020

COVID-19 pandemic has shaken up economies across the world and is writing a new global order.

Razorpay raises $75 mn from Sequoia Capital, others; will use funds to develop new technologies

Razorpay raises $75 mn from Sequoia Capital, others; will use funds to develop new technologies

Tue, Jun 18, 2019

Payments solution provider Razorpay Tuesday said it has raised USD 75 million in its Series C funding led by Sequoia India and Ribbit Capital, along with participation from Tiger Global and Y Combinator.

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