Ezetap

Merchant-focused payments provider, Razorpay, which was recently allowed to start onboarding new merchants, is internally targeting to turn profitable across all business lines in the next two years and eying a domestic listing post that, its cofounder & chief executive Harshil Mathur told ET. To be sure, its online payments business which contributes to 75% of its overall topline is currently breakeven and not losing any money. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

Razorpay said on Thursday it had bought offline payments firm Ezetap, marking the Sequoia Capital-backed firm's latest bet on the payments industry in a deal which a source with knowledge of said was worth $150 million (roughly Rs. 1,200 crore).Razorpay, which is valued at more than $7 billion (roughly Rs. 5,600 crore) and offers payment gateway services for online merchants, said in a statement that the acquisition was its biggest to date.It said the deal would boost efforts to tap the offline market which still accounts…

The Economic Times: Bengaluru-based fintech unicorn Razorpay acquires Ezetap, which offers POS terminals and payments software to merchants, sources say for $150M in cash and stock — Fintech unicorn Razorpay has acquired Ezetap in a cash-and-equity deal, marking its entry into the offline payments space. The Economic Times: Bengaluru-based fintech unicorn Razorpay acquires Ezetap, which offers POS terminals and payments software to merchants, sources say for $150M in cash and stock …