Aim to onboard 5 million SMBs, invest heavily in strengthening security infrastructure: Razorpay
The payments solutions provider which has onboarded 7 lakh SMBs, startups and freelancers in the past 12 months also plans to invest in strengthening security and fraud analytics infrastructure and building hyperlocal solutions. PTI
Razorpay (PC-Facebook)
Razorpay on Thursday said there has been strong growth in the number of small and medium businesses adopting digital payments during the pandemic, and it expects to onboard 5 million SMBs on its platform over the next one year.
The payments solutions provider which has onboarded 7 lakh SMBs, startups and freelancers in the past 12 months also plans to invest in strengthening security and fraud analytics infrastructure and building hyperlocal solutions.
Razorpay launches its own app store for SMEs
Harshil Mathur, chief executive and co-founder of Razorpay. The fintech firm has raised $100 million in its latest funding round.Premium
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BENGALURU: Razorpay, which became an unicorn recently, will launch products such as health insurance on its platform for small and medium enterprises (SMEs) through partners, as it continues to grow its business offerings.
The Bengaluru-based startup will also add Hindi, Kannada, Tamil, Telugu, Marathi, Gujarati and Bengali languages with more merchants signing up on its platform in small cities and towns.
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Fintech major Razorpay on Friday said it has seen a strong growth in business over the past few months and aims to clock USD 50 billion in total payment volume (TPV) by the end of 2021. The company also announced a slew of solutions, including offering a multilingual checkout page that will help non-English speaking customers to complete transactions in vernacular languages. We are going through one of the biggest digital transformations in the history of fintech and the adoption has been accelerated further amid the pandemic, Razorpay CEO and co-founder Harshil Mathur told PTI. He added that the number of online sellers coming on board has been growing but in the past few months, many offline retailers have gone digital and adopted our solutions to complete transactions.
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In the last six months, Razorpay has witnessed a 40-45% month-on-month growth. The company recently became an unicorn.
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Razorpay has also announced a fund of Rs 1 crore to give as grants to developers, encouraging them to build unique solutions that will further strengthen the fintech infrastructure.
NEW DELHI: Newly crowned fintech unicorn, Razorpay, has announced its plans to achieve $50 billion TPV (Total Payment Volume) by the end of 2021. The company launched a string of products, aimed at empowering the digital growth of small businesses in India. These products were launched at the third edition of FTX, its fintech conference.
Razorpay launches app store and a slew of products; targets TPV of $50B by 2021
Launching a range of products, including an app store, new fintech unicorn Razorpay announced its plans to achieve $50 billion total payment volume by the end of 2021 to further solidify its position as one of the largest full-stack fintech companies in India.
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Razorpay, the Bengaluru-based fintech unicorn, announced at its flagship fintech conference FTX that it plans to achieve
$50 billion in Total Payment Volume (TPV) by the end of 2021. The startup announced a slew of products towards achieving this end. There has been a lot of innovation made in the B2C financial services and fintech spaces. The SME and B2B space has a long way to go. Our recent fundraise was to build a suite of products to help startups and small enterprises. [We] aim to empower the next phase of digital growth for small businesses in India, said Harshil Mathur, Co-founder and CEO, Razorpay, in a c