• Under the partnership, Razorpay Engage, the company's customer engagement and marketing platform, will he ...More

    Under the partnership, Razorpay Engage, the company's customer engagement and marketing platform, will help brands prepare product catalogues, structure feeds, launch campaigns and track their performance on ChatGPT Ads. ...Less

  • Razorpay-backed POP has launched POPchop, a BNPL product allowing eligible shoppers to split purchases in ...More

    Razorpay-backed POP has launched POPchop, a BNPL product allowing eligible shoppers to split purchases into three interest-free payments over three months. The move marks POP’s expansion from UPI, rewards and commerce into consumer credit as fintechs seek new ways to monetise their user bases. ...Less

  • Apple Pay initially supports Visa and Mastercard credit cards issued by Axis Bank. Other large card issue ...More

    Apple Pay initially supports Visa and Mastercard credit cards issued by Axis Bank. Other large card issuers, including HDFC Bank, ICICI Bank and SBI Card, are currently not live on the service. ...Less

  • Anthropic has launched its Claude AI models in India for local processing through Amazon Bedrock. This de ...More

    Anthropic has launched its Claude AI models in India for local processing through Amazon Bedrock. This development addresses data residency concerns for banks, government institutions, and large enterprises. Companies, including TCS and Kotak Bank, expressed support and enthusiasm for local AI inference. ...Less

  • Apple Pay has officially made its debut in India, providing a seamless contactless payment experience for ...More

    Apple Pay has officially made its debut in India, providing a seamless contactless payment experience for users. With Axis Bank Visa and Mastercard credit cardholders now able to use Apple Pay, transactions can be completed effortlessly at various merchants. This innovative service ensures security while shopping online and in-store without the hassle of PINs or OTPs. ...Less

  • Goyal has been leading trade negotiations with key partners, including the US, after sealing high-profile ...More

    Goyal has been leading trade negotiations with key partners, including the US, after sealing high-profile deals with the UK, which came into force in July, and the EU, which is expected to take effect early next year. His ministry is also overhauling a raft of laws and regulations to make it easier to do business and to cement India's position as a global manufacturing hub, a push that has coincided with record foreign direct investment (FDI) inflows of $94.53 billion in FY26. ...Less

  • In an exciting development, Apple has rolled out its payment service, Apple Pay, in India through a colla ...More

    In an exciting development, Apple has rolled out its payment service, Apple Pay, in India through a collaboration with Axis Bank. Users holding Axis Bank cards can easily enact contactless transactions. The process of adding cards is straightforward with the Wallet app or the Axis Bank app, with no need for PINs or OTPs. ...Less

  • Apple Pay has officially launched in India, allowing users to make contactless payments using Axis Bank c ...More

    Apple Pay has officially launched in India, allowing users to make contactless payments using Axis Bank credit cards. Users can add their Visa and Mastercard credit cards to Apple Pay to facilitate these payments. The service provides a secure and private method for transactions without requiring PINs or OTPs. This launch marks a significant expansion in digital payment options available to Indian consumers. ...Less

  • Apple pay india launch: Apple has officially launched Apple Pay in India. This contactless payment servic ...More

    Apple pay india launch: Apple has officially launched Apple Pay in India. This contactless payment service allows for easy and secure transactions at various merchants across the country. Users can add their cards to the Apple Wallet through the Axis Bank app or the Wallet app. Apple Pay is designed to enhance security through tokenisation and device-level protections. ...Less

  • 200 AI agents, humans on standby: Inside Ignosis AI’s debt-collection operation

    The Ahmedabad-based startup says its agents manage collections for four to five lakh borrowers a month an ...More

    The Ahmedabad-based startup says its agents manage collections for four to five lakh borrowers a month and handle 70-80% of cases without human intervention. ...Less

  • Indian diaspora founders account for $560 billion of overseas unicorn value: Report

    The figure was calculated by dividing each company’s value equally among its founders and adding only the ...More

    The figure was calculated by dividing each company’s value equally among its founders and adding only the share of those who grew up in India. If one of four founders of a $10-billion company met that definition, $2.5 billion was counted. It does not represent actual shareholdings or personal wealth. The 205 companies had a total valuation of $1.09 trillion. ...Less

  • Missed the NSE IPO? Here are 5 of the largest issues in the pipeline to keep on your radar

    For those who missed out on the National Stock Exchange IPO, there's a silver lining: several major publi ...More

    For those who missed out on the National Stock Exchange IPO, there's a silver lining: several major public offerings are on the horizon! Set to accumulate a staggering Rs 4.27 lakh crore, companies such as Jio Platforms and PhonePe are readying their IPOs. With some firms already greenlit by Sebi while others await approval, the market's robust activity suggests a ripe environment for upcoming public offerings and eager investors. ...Less

  • Fintechs high on AI, but yet to let it handle your money

    The Unified Payments Interface (UPI) processed 24.51 billion transactions worth Rs 29.82 lakh crore in Au ...More

    The Unified Payments Interface (UPI) processed 24.51 billion transactions worth Rs 29.82 lakh crore in August, according to data from the National Payments Corporation of India (NPCI). Executives said agentic commerce could sit above these rails, but would require verifiable customer mandates, links across banks and merchants, spending limits and audit trails for errors or disputes. ...Less

  • UPI MDR could bring transaction value into payment apps’ market-share battle, industry executives say

    The new revenue stream could also draw banks and ecommerce companies into consumer UPI. Pine Labs chairma ...More

    The new revenue stream could also draw banks and ecommerce companies into consumer UPI. Pine Labs chairman, managing director and chief executive officer Amrish Rau called the change a "life-changing opportunity" for the company. ...Less

  • India consults banks, payment firms on fees for large UPI payments, sources say

    India's payments authority is discussing charges on large UPI transactions. This follows a recent change ...More

    India's payments authority is discussing charges on large UPI transactions. This follows a recent change in law allowing fees on payments over 2,000 rupees. Regulators are leaning towards a 0.4% charge for merchant transactions. Person-to-person payments will continue to remain free for users. This move is expected to generate significant annual revenue for the payments industry. ...Less

  • ETtech Explainer: Who pays MDR on UPI and who does not

    Starting on October 15, banks and payment applications will begin earning revenue from select merchant UP ...More

    Starting on October 15, banks and payment applications will begin earning revenue from select merchant UPI transactions. Transactions under Rs 2000 will remain exempt from new fees, while person-to-person transfers and small vendor payments under Rs 1 lakh are still free. Merchants will incur a charge of up to forty basis points for transactions over Rs 2000. ...Less

  • Many billion-dollar fintech cos can emerge from India to serve global markets: Razorpay CEO

    While speaking during a session at Global Fintech Fest, Razorpay CEO Harshil Mathur cited the emergence o ...More

    While speaking during a session at Global Fintech Fest, Razorpay CEO Harshil Mathur cited the emergence of big tech from the US, like Google, Amazon and others, because of the country's leadership in the internet, saying that similarly, the fintech ecosystem in India can be leveraged by local companies to emerge as global majors. ...Less

  • If attackers are using AI, companies will have to use AI to defend themselves: Razorpay CEO

    Cyber attackers are now using artificial intelligence to find system weaknesses. Companies must adopt AI- ...More

    Cyber attackers are now using artificial intelligence to find system weaknesses. Companies must adopt AI-powered defenses to counter these evolving threats. Traditional security systems and human testers are insufficient against AI-driven attacks. Razorpay's CEO emphasises that defense must match the attacker's technological level. ...Less

  • UPI MDR rates likely within a week, October rollout in sight

    This comes after a Monday notificationfrom the Department of Financial Services that narrowed the zero-ch ...More

    This comes after a Monday notificationfrom the Department of Financial Services that narrowed the zero-charge mandate for UPI. The earlier notification barred banks and payment system providers from levying a direct or indirect charge on UPI transactions, irrespective of value. The revised notification retains that protection only for transactions of up to Rs 2,000. ...Less

  • UPI charges from October 15; Activate’s maiden fund

    Happy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ...More

    Happy Wednesday! The NPCI has announced charges on select UPI merchant payments. This and more in today's ETtech Morning Dispatch. ...Less

  • Fintech founders bet that the bot will become the buyer

    Agentic commerce refers to AI-led shopping where software can search, compare, order, and pay on a user’s ...More

    Agentic commerce refers to AI-led shopping where software can search, compare, order, and pay on a user’s behalf. The National Payments Corporation of India (NPCI) is preparing the proposed Unified Agent Protocol to establish identity, consent, and accountability for agents transacting over the Unified Payments Interface (UPI). ...Less

  • NPCI announces MDR for UPI; merchant transactions above Rs 2,000 to attract 0.4% charge

    While NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its annou ...More

    While NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its announcement that vendors operating under the person-to-person merchant (P2PM) category will “enjoy a mandatory zero MDR”. Merchants in this category, typically small shopkeepers, street vendors and local businesses, are classified as those receiving less than Rs 1 lakh per month in their accounts through UPI. ...Less

  • The more AI banks deploy, the bigger the cyber battlefield gets

    Indian banks and fintech firms face growing AI-powered cyber threats. Attackers use AI to find vulnerabil ...More

    Indian banks and fintech firms face growing AI-powered cyber threats. Attackers use AI to find vulnerabilities faster than before. Financial institutions are deploying AI to detect and respond to these evolving threats. This creates a new cybersecurity arms race for the sector. Banks must also manage new risks from AI agents accessing sensitive data. ...Less

  • Amazon Now’s sales surge; govt’s stance on UPI charges

    Happy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more ...More

    Happy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more in today’s ETtech Morning Dispatch. ...Less

  • India’s banks could turn legacy tech into an AI advantage: BCG

    Indian banks may transform legacy systems into an AI advantage. Institutions with fewer old systems can d ...More

    Indian banks may transform legacy systems into an AI advantage. Institutions with fewer old systems can directly adopt AI-first operations. This leapfrogging capability is highlighted by Boston Consulting Group's new report. AI adoption promises significant productivity gains and cost reductions for banks. The technology also offers potential for expanding financial inclusion across the nation. ...Less

  • Mastercard’s AI Garage is building products for the world in India: Nitendra Rajput

    Mastercard's AI Garage in India builds global payment network products. It uses machine learning and data ...More

    Mastercard's AI Garage in India builds global payment network products. It uses machine learning and data science to secure payment networks. The company develops large tabular models for transaction data analysis. Mastercard also explores agentic commerce and establishes AI governance frameworks. ...Less

  • GFF 2026: 'Facing 100 cyberattacks everyday', says Neelkanth Mishra as UIDAI steps up AI and Quantum safeguards

    UIDAI faces hundreds of daily hacker attacks and uses AI for safeguarding its systems. Machine learning d ...More

    UIDAI faces hundreds of daily hacker attacks and uses AI for safeguarding its systems. Machine learning detects identity manipulation and blocks unauthorized access to biometric data. The authority is preparing for quantum computing threats with post-quantum cryptography measures. UIDAI is expanding its reach through software integrations for resident verification. ...Less

  • UPI MDR notification likely to be out for businesses soon; banks may pocket bulk of 40 bps fee

    The issuing bank would retain 40% of the fee, sources said. Third-party application providers such as Pho ...More

    The issuing bank would retain 40% of the fee, sources said. Third-party application providers such as PhonePe or Google Pay, and the acquiring bank would take 30% each. On a 40 bps MDR, that works out to roughly 16 bps for the bank and 12 bps each for the app and the acquirer. One basis point equals 0.01%, so a 40 bps MDR translates to a fee of 0.4% on the transaction value. ...Less

  • Flipkart's new Minutes app; Anthropic employee sounds alarm

    Flipkart has launched a standalone app for its quick commerce unit Minutes. This and more in today’s ETte ...More

    Flipkart has launched a standalone app for its quick commerce unit Minutes. This and more in today’s ETtech Top 5. ...Less

  • Your bank account could one day become an AI agent: Perfios Group CEO Nitin Chugh

    Bank accounts may soon act as AI agents, understanding finances and offering recommendations. These agent ...More

    Bank accounts may soon act as AI agents, understanding finances and offering recommendations. These agents could coordinate, make decisions, and execute financial workflows efficiently. Agentic AI promises to transform processes like home loans, reducing completion times significantly. However, increased AI autonomy necessitates evolving controls and advanced cybersecurity measures. ...Less

  • GFF 2026: Axis Bank, J.P. Morgan see banking move from AI that knows customers to AI that acts

    Banks are using AI to deeply understand customers and anticipate their needs. Axis Bank is experimenting ...More

    Banks are using AI to deeply understand customers and anticipate their needs. Axis Bank is experimenting with AI for personalised banking services and customer engagement. J.P. Morgan is deploying AI for trade analysis, customer service, and fraud detection. This AI transformation spans the entire financial journey from understanding to execution. ...Less

  • AI can speed business loans, but underwriters stay in charge: HyperVerge's Kedar Kulkarni

    HyperVerge launched AI underwriting agents to speed business loan processing. These agents extract data f ...More

    HyperVerge launched AI underwriting agents to speed business loan processing. These agents extract data from financial documents and assist in video discussions. Background checks are significantly reduced from hours to minutes. Human oversight remains crucial for final complex credit decisions. This technology aims to lower underwriting costs and expand credit access. ...Less

  • GFF 2026: India should build fintech for the world, target $60-80 billion financial services exports, says Commerce Secretary Rajesh Agarwal

    India aims to export digital financial services leveraging its fintech expertise. This expansion moves be ...More

    India aims to export digital financial services leveraging its fintech expertise. This expansion moves beyond traditional IT and professional services exports. Fintech solutions like UPI demonstrate India's capability for global adoption. Digital lending and e-commerce exports also present significant international opportunities. India's government supports these ventures through various initiatives and agreements. ...Less

  • Pine Labs appoints Jayaram Karthik its chief operations officer

    Karthik has held leadership roles at American Express, Citibank, Amazon, Tata, and Razorpay, where he wor ...More

    Karthik has held leadership roles at American Express, Citibank, Amazon, Tata, and Razorpay, where he worked on scaling operations, improving operating models, and standardising end-to-end merchant journeys. He brings more than 25 years of experience across operations, risk, analytics, and technology. ...Less

  • Cross-border fintechs are still competing with banks, not each other: Skydo’s Movin Jain

    Skydo co-founder Movin Jain says fintechs together account for only 1-2% of the market, making category c ...More

    Skydo co-founder Movin Jain says fintechs together account for only 1-2% of the market, making category creation a bigger priority than competing on price. ...Less

  • Razorpay launches AI model trained on four billion payments

    Razorpay has launched an AI foundation model to enhance online payment success. This advanced system impr ...More

    Razorpay has launched an AI foundation model to enhance online payment success. This advanced system improves fraud detection and payment routing capabilities significantly. The model learns from billions of transactions, processing thousands of signals per payment. Beta tests show improved success rates and better fraud identification for merchants. ...Less

  • From 100,000 calls a month to 5 million a day: Inside Vobiz’s AI telephony bet

    Founded by Suman Gandham and Vikash Srivastava, Vobiz is betting that the rise of AI voice agents will re ...More

    Founded by Suman Gandham and Vikash Srivastava, Vobiz is betting that the rise of AI voice agents will require a telecom layer built for machine-led conversations rather than traditional call centres. ...Less

  • ET Startup Awards 2026 | Startup of the Year: Street-smart Groww outruns regulatory odds to claim top prize

    With the win, Groww joins the likes of Urban Company, Lenskart, OfBusiness, Razorpay, Zomato, Zerodha, De ...More

    With the win, Groww joins the likes of Urban Company, Lenskart, OfBusiness, Razorpay, Zomato, Zerodha, Delhivery, Swiggy, Oyo, Freshworks and Ola, all of which won the biggest honour over the 11-year history of the awards. ...Less

  • ET Startup Awards 2026: Groww adjudged No. 1; Sauce VC’s Manu Chandra named Midas Touch winner

    The elite jury was chaired by Wipro executive chairman Rishad Premji. The 11-member panel deliberated for ...More

    The elite jury was chaired by Wipro executive chairman Rishad Premji. The 11-member panel deliberated for nearly three hours on Tuesday to pick winners in eight categories. ...Less

  • Winners of the ET Startup Awards 2026; Groww vs Zerodha

    Groww won the top prize at the 12th edition of the Economic Times Startup Awards. The list of other winne ...More

    Groww won the top prize at the 12th edition of the Economic Times Startup Awards. The list of other winners, and more, in today’s ETtech Top 5. ...Less

  • The Economic Times Startup Awards 2026: And the big winners are…

    Happy Thursday! Top entrepreneurs and business leaders came together in Bengaluru on August 25 to pick th ...More

    Happy Thursday! Top entrepreneurs and business leaders came together in Bengaluru on August 25 to pick the winners of The Economic Times Startup Awards (ETSA) 2026. ...Less

  • ET Startup Awards 2026: Nominees for Midas Touch

    The Midas Touch award recognises the most lucrative exit of the year. The decision will be based on both ...More

    The Midas Touch award recognises the most lucrative exit of the year. The decision will be based on both the number of deals and the size of the exit. ...Less

  • PhonePe, Razorpay back selective UPI charges for large merchants

    PhonePe cofounder and chief executive, Sameer Nigam, and Razorpay cofounder and chief executive, Harshil ...More

    PhonePe cofounder and chief executive, Sameer Nigam, and Razorpay cofounder and chief executive, Harshil Mathur, have argued in favour of a sustainable business model that echoes the position of the Payments Council of India (PCI). The industry association has sought to separate free everyday payments from charges on select merchant transactions to ensure commercial viability of the service. ...Less

  • PhonePe, Razorpay chiefs say UPI will stay free for users, back sustainable model

    PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable ...More

    PhonePe and Razorpay leaders affirmed UPI payments will stay free for consumers. They support sustainable revenue models for payment infrastructure and businesses. Larger businesses may face merchant charges, while small merchants remain exempt. This follows parliamentary approval to allow charges on digital payment modes. Future charges will be borne by businesses, not by customers. ...Less

  • Harvard graduate leaves 9-to-5 job after a decade, reveals why she chose freedom over a regular salary

    After nearly ten years in a conventional 9-to-5 job, Harvard alumna Charmie Kapoor has embraced the liber ...More

    After nearly ten years in a conventional 9-to-5 job, Harvard alumna Charmie Kapoor has embraced the liberating freedom of leaving the corporate grind behind. She discovered how much of her life was consumed by routine and has opted for a life focused on existential happiness, even declining a promising startup opportunity she would have eagerly accepted before. ...Less

  • AI startup Kily secures Rs 30 crore from Sorin Investments, Razorpay, Wyser

    The AI startup said that it plans to use the fresh capital to deepen Kily's product capabilities, strengt ...More

    The AI startup said that it plans to use the fresh capital to deepen Kily's product capabilities, strengthen its go-to market initiatives, and accelerate adoption across India's largest consumer brands. The company said its AI agents help brands manage pricing, advertising, inventory and marketplace operations by analysing real-time marketplace data and autonomously executing decisions. ...Less

  • Macros weigh on ecommerce sales; District CEO on growth plan

    Happy Monday! Inflation and pricier inputs may take some shine off this year's ecommerce festive sales. T ...More

    Happy Monday! Inflation and pricier inputs may take some shine off this year's ecommerce festive sales. This and more in today’s ETtech Morning Dispatch. ...Less

  • PayGlocal to raise Rs 36.4 crore from Beenext at Rs 1,140 crore valuation

    The company’s shareholders on July 25 approved the issue of 5,074 pre-series C compulsorily convertible p ...More

    The company’s shareholders on July 25 approved the issue of 5,074 pre-series C compulsorily convertible preference shares at Rs 71,693.02 apiece to the fund through a private placement. The transaction marks a 32% increase from the Rs 865 crore valuation in its previous round. ...Less

  • Ola Electric's PLI woes; Paytm rides MDR hopes

    Ola Electric’s auditor has raised a red flag in the company’s Q1 results. This and more in today’s ETtech ...More

    Ola Electric’s auditor has raised a red flag in the company’s Q1 results. This and more in today’s ETtech's Top 5. ...Less

  • Enterprise AI CRM startup Superleap raises Rs 36 crore from Peak XV's Surge

    Superleap, an enterprise AI CRM platform, secured Rs 36 crore funding from Peak XV Partners' Surge. This ...More

    Superleap, an enterprise AI CRM platform, secured Rs 36 crore funding from Peak XV Partners' Surge. This capital will fuel AI capabilities and expand its market presence both domestically and internationally. The startup focuses on large organizations migrating from legacy CRM systems with minimal disruption. Superleap's enterprise-first strategy targets high contract values, differentiating it from many SaaS firms. Generative AI is expected to reshape the enterprise CRM market, challenging established vendors. ...Less

  • Nykaa’s strong Q1; Activate backs Sarvam

    Nykaa reported strong quarterly growth, on the back of healthy sales across its businesses. This and more ...More

    Nykaa reported strong quarterly growth, on the back of healthy sales across its businesses. This and more in today's ETtech Top 5. ...Less

  • Nvidia bets on Sarvam AI; Sidbi eases fund rules for VCs

    Happy Wednesday! Sarvam’s Pratyush Kumar has confirmed adding Nvidia to the AI startup’s captable. This a ...More

    Happy Wednesday! Sarvam’s Pratyush Kumar has confirmed adding Nvidia to the AI startup’s captable. This and more in today’s ETtech Morning Dispatch. ...Less

  • Razorpay’s valuation rises to $7.5 billion after $375-million funding

    Razorpay’s valuation has increased by more than seven times since it turned unicorn in October 2020 due t ...More

    Razorpay’s valuation has increased by more than seven times since it turned unicorn in October 2020 due to a pandemic-induced surge in demand for its payments gateway platform and neobanking vertical RazorpayX. ...Less

  • Razorpay gets $160 mn funding, valuation trebles in less than 6 months

    Razorpay will use the funding to expand into Malaysia, Indonesia and Singapore, CEO Harshil Mathur says. ...More

    Razorpay will use the funding to expand into Malaysia, Indonesia and Singapore, CEO Harshil Mathur says. The company is also in the process of acquiring a SaaS startup and hiring 600 people in India and overseas to grow its neobank Razorpay X. ...Less

  • Razorpay’s payments entity reports flat profit of Rs 7.3 crore in FY23

    Razorpay Software Pvt Ltd saw its revenue from operations grow 54% in FY23 to Rs 2,279 crore from Rs 1,48 ...More

    Razorpay Software Pvt Ltd saw its revenue from operations grow 54% in FY23 to Rs 2,279 crore from Rs 1,481 crore in FY22. Employee benefits and salaries were one of the biggest cost centres for the startup, comprising 28% of the total expenses. ...Less

  • Razorpay elevates Khilan Haria as chief product officer

    In the role of CPO, Haria will be responsible for shaping the company’s product strategy and enhancing Ra ...More

    In the role of CPO, Haria will be responsible for shaping the company’s product strategy and enhancing Razorpay’s product stack. ...Less

  • Razorpay begins IPO process; files confidential DRHP to raise Rs 5,000-6,000 crore

    Fintech major Razorpay has officially commenced its IPO journey by filing its draft red herring prospectu ...More

    Fintech major Razorpay has officially commenced its IPO journey by filing its draft red herring prospectus with SEBI, aiming to raise Rs 5,000-6,000 crore. This move follows shareholder approval for a fresh issue and an offer-for-sale component, marking a significant step after its reverse flip to India. ...Less

  • Easebuzz FY26 revenue rises 10% to Rs 723 crore; profit drops 41%

    Profit after tax fell 41% to Rs 11.15 crore from Rs 18.77 crore in FY25. The value of payments processed ...More

    Profit after tax fell 41% to Rs 11.15 crore from Rs 18.77 crore in FY25. The value of payments processed by the company, however, rose about 67% to nearly $50 billion from around $30 billion, while gross profit increased 51% to Rs 227 crore from roughly Rs 150 crore, the company said. ...Less

  • Fintech unicorn Razorpay acquires Ezetap in a cash-and-equity deal

    Sources told ET that Razorpay has paid $150 million for the deal, of which $100 million will be cash payo ...More

    Sources told ET that Razorpay has paid $150 million for the deal, of which $100 million will be cash payouts to Ezetap’s shareholders. ...Less

  • Razorpay FY25 results: Revenue grows 65%, but net loss stands at Rs 1,209 crore

    Razorpay’s revenue jumped 65% to Rs 3,783 crore in FY25, driven by payments, POS, loyalty, banking, and g ...More

    Razorpay’s revenue jumped 65% to Rs 3,783 crore in FY25, driven by payments, POS, loyalty, banking, and global operations. Gross profit rose 41% to Rs 1,277 crore, but the company posted a Rs 1,209 crore loss due to restructuring and tax costs after shifting its headquarters to India. ...Less

  • Razorpay and superU AI partner to launch real-time agentic payment system

    Razorpay and superU AI have partnered to create a transaction system where AI agents handle sales and pay ...More

    Razorpay and superU AI have partnered to create a transaction system where AI agents handle sales and payments with zero human intervention. This collaboration allows users to complete purchases through natural conversation, eliminating the need for apps or manual checkout processes. ...Less

  • Razorpay completes reverse flip from US to India with MCA approval

    Razorpay had applied to the regulators for the reverse flip under amended rules, which do not require com ...More

    Razorpay had applied to the regulators for the reverse flip under amended rules, which do not require companies to apply to the NCLT. Razorpay needed approval from the Reserve Bank of India (RBI) and eventually a nod from the Ministry of Corporate Affairs. ...Less

  • Razorpay looks to hire more than 650 employees in next 10 months

    The newly minted unicorn, whose business trebled in a pandemic year, currently employs 1,300 people—550 o ...More

    The newly minted unicorn, whose business trebled in a pandemic year, currently employs 1,300 people—550 of which came on board in the last year itself. ...Less

  • GIC, Sequoia in Razorpay's $100 million round; valuation may hit $1 billion

    Razorpay will focus on rolling out products related to vendor management, invoice management, tax payment ...More

    Razorpay will focus on rolling out products related to vendor management, invoice management, tax payment and expense management for RazorpayX. ...Less

  • Razorpay confidentially files IPO papers with Sebi

    Fintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for a ...More

    Fintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for an initial public offering. Razorpay aims to raise between $600 million and $700 million. Its valuation is expected to be between $5 billion and $6 billion. This move signals a significant step for the digital payments giant. ...Less

  • Razorpay gets RBI's cross-border licence to boost global payments from India

    Razorpay has received the Payment Aggregator – Cross Border licence from the RBI, allowing it to handle b ...More

    Razorpay has received the Payment Aggregator – Cross Border licence from the RBI, allowing it to handle both inward and outward international payments. The move strengthens its regulated infrastructure for global transactions, enabling Indian businesses to accept 130+ currencies and international companies to operate in India seamlessly through a single platform. ...Less

  • Razorpay launches tokenisation solution in partnership with Mastercard, RuPay and Visa

    The 'Razorpay TokenHQ' will work across all major card networks including Mastercard, RuPay and Visa, and ...More

    The 'Razorpay TokenHQ' will work across all major card networks including Mastercard, RuPay and Visa, and almost the entire base of five million businesses using Razorpay's services will be ready to support tokenised card transactions, a statement said. ...Less

  • Razorpay acquires payments tech startup IZealiant Technologies

    The deal marks Razorpay’s fifth acquisition since its inception in 2014. The company made its internation ...More

    The deal marks Razorpay’s fifth acquisition since its inception in 2014. The company made its international foray last month, after it acquired Malaysian fintech firm Curlec. ...Less

  • Hackers, fraudulent customers steal Rs 7.38 crore from payment gateway firm Razorpay

    In his complaint to the South East Cyber Crime Cell lodged on May 16, Razorpay's Head of Legal Disputes a ...More

    In his complaint to the South East Cyber Crime Cell lodged on May 16, Razorpay's Head of Legal Disputes and Law Enforcement Abhishek Abhinav Anand said the company was unable to reconcile receipt of Rs 7.38 crore against 831 transactions. ...Less

  • Razorpay acquires TERA Finlabs in push for startup, MSME loans

    Razorpay Capital along with TERA Finlab's technology capabilities will be able to service the credit need ...More

    Razorpay Capital along with TERA Finlab's technology capabilities will be able to service the credit needs of more than 10,000 startups and MSMEs in India by next year, according to a statement. ...Less

  • Mobikwik ties up with Razorpay

    Mobikwik has entered into a partnership with Razorpay, a payment gateway startup and Y Combinator alum, t ...More

    Mobikwik has entered into a partnership with Razorpay, a payment gateway startup and Y Combinator alum, to eliminate common online payment woes for online retailers. ...Less

  • Exclusive: Razorpay invites banker pitches for IPO; targets Rs 4,500 crore fundraise

    Razorpay has begun formal preparations for a stock market debut, inviting merchant bankers to pitch for i ...More

    Razorpay has begun formal preparations for a stock market debut, inviting merchant bankers to pitch for its IPO mandate, people familiar with the matter told ET. The digital payments firm is looking to raise up to Rs 4,500 in fresh capital. ...Less

  • Scoop: Razorpay looks at $2 billion valuation in new funding round

    Fintech startup Razorpay is in talks with existing investors such as GIC, Tiger Global and Sequoia Capita ...More

    Fintech startup Razorpay is in talks with existing investors such as GIC, Tiger Global and Sequoia Capital to raise $150-200 million at nearly double its existing valuation. ...Less

  • Razorpay buys Ezetap to tap into offline payments

    Razorpay, which is valued at more than $7 billion and offers payment gateway services for online merchant ...More

    Razorpay, which is valued at more than $7 billion and offers payment gateway services for online merchants, said in a statement that the acquisition was its biggest to date. Ezetap, whose products include point-of-sale machines, processes more than $10 billion in annual transactions in India. ...Less

  • Razorpay’s funding venture to invest in early-stage B2B companies

    Razorpay Venture Investment Programme, as it is named, will scout for opportunities in sectors like finte ...More

    Razorpay Venture Investment Programme, as it is named, will scout for opportunities in sectors like fintech, travel, healthcare, hospitality, retail and ecommerce. But the company intends to invest only in business-to-business (B2B) startups. The Reserve Bank of India-licensed payment aggregator believes that India will see 10-15 B2B unicorns getting created over the next five years. ...Less

  • Razorpay shared donor data with police, claims Alt News

    It alleged that Razorpay had handed over Alt News donor data to the police. "This was done without inform ...More

    It alleged that Razorpay had handed over Alt News donor data to the police. "This was done without informing us, or without even a preliminary investigation of any violation on the part of Alt News," it said. Delhi Police is probing the donations received by Alt News and has arrested its co-founder Mohammed Zubair. ...Less

  • Razorpay acquires rewards management company Poshvine

    This is Razorpay’s fourth acquisition this year and the seventh overall. It comes close on the heels of i ...More

    This is Razorpay’s fourth acquisition this year and the seventh overall. It comes close on the heels of its $200-million acquisition of offline point-of-sale (PoS) firm Ezetap in August this year ...Less

  • Delhi HC orders Meta, WhatsApp, NPCI and banks to restrict accounts misusing Razorpay’s identity

    The Delhi High Court has directed social media platforms to remove accounts misusing Razorpay's trademark ...More

    The Delhi High Court has directed social media platforms to remove accounts misusing Razorpay's trademark for fraudulent activities. Banks are instructed to freeze accounts used by fraudsters. Razorpay obtained a John Doe order to prevent unauthorized use of its trademark and protect customers against scams. Legal action taken against fake recruiters on WhatsApp, Facebook, Telegram to maintain brand trust. ...Less

  • Lightspeed, Moore Strategic Ventures invest in Razorpay’s $75 million secondary share sale

    Razorpay said about 650 current and former employees have sold their stock options as part of this share ...More

    Razorpay said about 650 current and former employees have sold their stock options as part of this share sale. According to the company, this is the fourth and biggest Esop (employee stock options programme) buyback since it started operations in 2014. Its previous Esop buyback was for $10 million in March 2021. ...Less

  • Razorpay launches payment pages designed to help 10,000 SMEs with custom-branded hosted pages

    Razorpay Payment Pages will be launched for fee collection at educational institutes, by event organisers ...More

    Razorpay Payment Pages will be launched for fee collection at educational institutes, by event organisers, utility companies for bill payments and more. ...Less

  • Regulations slow growth but reward patient founders: Razorpay’s Harshil Mathur at YC Startup School

    Razorpay CEO Harshil Mathur highlighted the advantages of operating in regulated spaces, noting the compa ...More

    Razorpay CEO Harshil Mathur highlighted the advantages of operating in regulated spaces, noting the company's explosive growth in India's payments market, now exceeding $180 billion in volume. He shared early challenges, including a bank pulling support, but emphasized how adaptability, like embracing UPI, fueled their success, especially during the pandemic's D2C boom. ...Less

  • Razorpay in talks for Sequoia-led $100 million infusion

    The fresh capital will be largely used for expansion of the new businesses of the company, known as Razor ...More

    The fresh capital will be largely used for expansion of the new businesses of the company, known as Razorpay 2.0. ...Less

  • Razorpay makes international foray with Curlec acquisition

    Razorpay will take its payments stack, including payment links, payment pages and gateway services, to th ...More

    Razorpay will take its payments stack, including payment links, payment pages and gateway services, to the Malaysian market. Over time, it is expected to take these services to other key Southeast Asian markets including Indonesia, Thailand and the Philippines. ...Less

  • Razorpay launches UPI switch in partnership with Airtel Payments Bank

    Razorpay said this infrastructure can handle up to 10,000 transactions per second, at any given time, and ...More

    Razorpay said this infrastructure can handle up to 10,000 transactions per second, at any given time, and enable five times faster access to UPI innovations for businesses. ...Less

  • Razorpay’s forex service to help founders transfer funding to India

    This is the second cross-border offering from Razorpay, which also allows small businesses to accept inte ...More

    This is the second cross-border offering from Razorpay, which also allows small businesses to accept international payments from foreign customers. ...Less

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

    Razorpay on Wednesday announced the launch of its MoneySaver Export Account to offer up to 50 per cent sa ...More

    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. The initiative allows exporters to receive international bank transfers from 160 countries. ...Less

  • Tiger, YC, Yuri Milner to fund payments company, Razorpay

    Sources said Razorpay is likely to raise around Rs 120 crore, mostly from internal investors, as it readi ...More

    Sources said Razorpay is likely to raise around Rs 120 crore, mostly from internal investors, as it readies to take on the likes of Stripe and PayPal as well as domestic competitors. ...Less

  • Razorpay to power UPI on IRCTC

    It added Razorpay's payment gateway is expected to process more than a million transactions a month on IR ...More

    It added Razorpay's payment gateway is expected to process more than a million transactions a month on IRCTC website and mobile app. ...Less

  • Razorpay POS gets RBI nod for offline payment aggregator licence

    With this authorisation, Razorpay now holds all three key RBI licences-online payment aggregator, cross-b ...More

    With this authorisation, Razorpay now holds all three key RBI licences-online payment aggregator, cross-border payment aggregator (secured in December 2025), and offline payment aggregator, according to a company statement. ...Less

  • Fintech firm Pop eyes $10-15 million round from Razorpay, others

    Razorpay’s venture arm could mark its debut with a potential investment into Pop, a Bengaluru-based payme ...More

    Razorpay’s venture arm could mark its debut with a potential investment into Pop, a Bengaluru-based payments and rewards platform. The India Quotient-backed startup is looking to raise $10-$15 million in funding as part of its first major institutional round, sources told us. ...Less

  • Razorpay partners with Telegram for chatbot payments

    Razorpay co-founder Shashank Kumar said this was the first of its kind integration for a payments company ...More

    Razorpay co-founder Shashank Kumar said this was the first of its kind integration for a payments company in India with a chatbot. ...Less

  • Razorpay buys fraud analytics firm Thirdwatch

    Thirdwatch will operate as a subsidiary of Razorpay working out of their Bengaluru office. ...More

    Thirdwatch will operate as a subsidiary of Razorpay working out of their Bengaluru office. ...Less

  • Razorpay sets sight to achieve $50 billion TPV by 2021

    In the last six months, Razorpay has witnessed a 40-45% month-on-month growth. The company recently becam ...More

    In the last six months, Razorpay has witnessed a 40-45% month-on-month growth. The company recently became an unicorn. ...Less

  • Razorpay launches payment buttons for SMEs and startups

    Razorpay’s Payment Buttons provide businesses the option of accepting payments for multiple products, ser ...More

    Razorpay’s Payment Buttons provide businesses the option of accepting payments for multiple products, services and events with different price ranges - all through a single button. ...Less

  • Razorpay lands $75M funding led by Ribbit Capital

    The company plans to use the proceeds on strengthening its two new business lines - neo-banking platform ...More

    The company plans to use the proceeds on strengthening its two new business lines - neo-banking platform Razorpay X and its lending arm Razorpay Credit. ...Less

  • Salesforce Ventures makes 'strategic' investment in Razorpay

    The "strategic" investment will also help Razorpay expand its services in Southeast Asian markets, Harshi ...More

    The "strategic" investment will also help Razorpay expand its services in Southeast Asian markets, Harshil Mathur, the chief executive and co-founder of the Bengaluru-based fintech startup. ...Less

  • Razorpay set to achieve $90 billion TPV by 2022, launches products to help SMEs

    Razorpay’s new products will help SMEs spend less time managing compliance and operations and more time c ...More

    Razorpay’s new products will help SMEs spend less time managing compliance and operations and more time creating new products. ...Less

  • Razorpay doubles down on existing customers as new onboarding remains paused

    On Monday, Razorpay launched its latest solution, Optimizer, which will allow businesses with large trans ...More

    On Monday, Razorpay launched its latest solution, Optimizer, which will allow businesses with large transaction volumes to avoid failures by rerouting them in real time. ...Less

  • Razorpay picks Axis, Kotak, Citi, and JPMorgan to manage its IPO

    Digital payments major Razorpay has appointed Axis Capital, Kotak Mahindra, JP Morgan, and Citibank as in ...More

    Digital payments major Razorpay has appointed Axis Capital, Kotak Mahindra, JP Morgan, and Citibank as investment banks for its upcoming public listing. The company, valued at $7.5 billion, is reportedly aiming for an IPO towards the middle of this year. Razorpay recently completed a reverse-flip to India and competes with listed and soon-to-be-listed fintech players. ...Less

  • NPCI, Razorpay join OpenAI to pilot agentic payments on ChatGPT

    India's National Payments Corporation of India and Razorpay are partnering with OpenAI. This collaboratio ...More

    India's National Payments Corporation of India and Razorpay are partnering with OpenAI. This collaboration will bring agentic payments to ChatGPT for Indian customers. Users can ask ChatGPT to order items, with transactions processed through Razorpay's system. This pilot program explores future AI-driven commerce and autonomous transactions. BigBasket is among the first merchants to support this new payment method. ...Less

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