News Post

Cashfree will double down on payment gateway business, 15,000 merchants to go live soon: CEO Akash Sinha

Money Control

· 6m
placeholder-image

Cashfree, an Indian payment processing company, recently received the final authorization from the Reserve Bank of India to operate as a Payment Aggregator. The CEO of Cashfree, Akash Sinha, expressed excitement about the approval, stating that they have a significant number of merchants ready to go live on the platform. Sinha believes that this approval will help the company regain profitability, as they reported a loss in the previous fiscal year. Cashfree aims to focus on scaling their payment gateway business and expects to triple their transaction volumes in the next year. Additionally, they plan to expand their offerings in cross-border payments and forex.

3
View Source
No Comments yet

More Like this

Adani Group to invest ₹75,000 crore in Madhya Pradesh; to create employment for 15,000 people

Adani Group to invest ₹75,000 crore in Madhya Pradesh; to create employment for 15,000 people

Lucid Motors will only build 9,000 EVs in 2024 after once predicting it would ship 90,000 | TechCrunch

Lucid Motors will only build 9,000 EVs in 2024 after once predicting it would ship 90,000 | TechCrunch

Essar to invest ₹55,000 crore in Gujarat creating 10,000 job opportunities

Essar to invest ₹55,000 crore in Gujarat creating 10,000 job opportunities

Sattva Group to invest ₹12,000-14,000 crore in housing, office projects

Sattva Group to invest ₹12,000-14,000 crore in housing, office projects

Vodafone Idea to launch Rs 18,000-20,000-crore FPO next week

Vodafone Idea to launch Rs 18,000-20,000-crore FPO next week

Persistent to hire less than 1,000 freshers in FY24 compared to 3,000 last fiscal: CFO

Persistent to hire less than 1,000 freshers in FY24 compared to 3,000 last fiscal: CFO

Adani Enterprises to invest ₹80,000 crore in current fiscal

Adani Enterprises to invest ₹80,000 crore in current fiscal

Aster DM Healthcare plans to double bed capacity to 10,000 in three years: CEO

Aster DM Healthcare plans to double bed capacity to 10,000 in three years: CEO

Indian startups have laid off over 30,000 employees since the beginning of 2022

Indian startups have laid off over 30,000 employees since the beginning of 2022

JSW Steel earmarks Rs 20,000 crore capex for FY25

JSW Steel earmarks Rs 20,000 crore capex for FY25

Download the medial app to read full posts, comements and news.