In December last year, Razorpay POS announced it achieved a 60 per cent growth in FY23, contributing to nearly 10 per cent of the company's overall revenue. Razorpay New Update: Fintech Platform Launches Industry-First ‘Instant Refunds’ Feature on Failed UPI Transactions.
A spokesperson for Razorpay said the firm has received the final authorisation from the Reserve Bank of India to operate as payment aggregator under the Payment Settlements Act