razorpay

Merchant-focused payments provider Razorpay has reported a flat net profit of Rs 7.3 crore for the fiscal year 2022-2023 (FY23), despite its revenues seeing a jump.Revenue from operations for Razorpay Software Pvt Ltd (RSPL) stood at Rs 2,279 crore in FY23, a 54% surge from Rs 1,481 crore in FY22.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitMITMIT Technology Leadership and…

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…

Image Source : RAZOR PAY Razorpay POS unveils 2-minute instant refunds for failed UPI transactions Razorpay POS, a fintech platform has recently launched an industry-first 'instant refunds' feature on failed unified payments interface (UPI) transactions in India. The solution by Razorpay POS will provide users with instant refunds for failed UPI transactions within two…

Happy Thursday! Christmas weekend is almost here, and it’s only ten more days before curtains come down on 2023. We have a busy edition of ETtech Morning Dispatch. With payment aggregator licences secured, expect the development to spark a price war among leading players.Also in this letter:■ Details from Byju’s annual general meeting■ FY23 financials for Euler Motors, Pilgrim■ Voice deepfakes, the latest threatAs RBI lifts curbs, Razorpay, Cashfree eye lost market share The digital payments ecosystem could see a new…

From setting up war rooms with cross-functional teams to working closely with banks, Razorpay and Cashfree are trying everything to win back merchants that they could not onboard earlier due to an RBI embargo, now that they have got the payment aggregator licence.Last year, the Reserve Bank of India had stopped merchant onboarding for both Razorpay and Cashfree. That embargo ended only on Tuesday when the regulator awarded them the final payment aggregator licence.Elevate Your Tech Prowess with High-Value Skill…

Digital payment startups Razorpay and Cashfree have received final approval from the Reserve Bank of India (RBI) to operate as payment aggregators.“We are thrilled to announce that we are now onboarding businesses on Cashfree Payment Gateway,” Cashfree wrote on its LinkedIn page.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisitIndian School of BusinessISB Product ManagementVisitNorthwestern UniversityKellogg…

Softbank-backed Juspay is set to become a payment aggregator (PA), entering the same league as that of Razorpay and PayU.The company recently received an in-principle approval from the Reserve Bank of India to build this business.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Digital TransformationVisitIIM KozhikodeIIMK Senior Management ProgrammeVisitNorthwestern UniversityKellogg Post Graduate Certificate in Product ManagementVisitJuspay has been…

At the event 'ET Conversations with Sam Altman,' the Economic Times conducted a candid conversation with Harshil Mathur, Co-founder of Razorpay, delving into an in-depth analysis of the advantages and disadvantages of Artificial Intelligence in the context of payment gateways. Watch. At the event 'ET Conversations with Sam Altman,' the Economic Times conducted a candid conversation with Harshil Mathur, Co-founder of Razorpay, delving into an in-depth analysis of the advantages and disadvantages of Artificial…

Hi, this is Pratik Bhakta in Bengaluru, and in today’s edition of Unwrapped, I’m going to talk about how cash is rapidly losing its share in consumers’ day-to-day transactions.That may seem like a tall statement, but it is based on data. It is predicted that in the next three years, merchant payments through cash in India will be less than 50%.For a country as large as India — don’t forget, we now have the world’s largest population — that is a phenomenal accomplishment. Amidst these rapid strides to a digital future,…

Full-Stack payments and banking platform Razorpay announced that it has set up an advisory board to strengthen corporate governance, with former RBI deputy governor N.S. Vishwanathan as Chairperson.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.All the members will periodically convene to review, analyse and provide…