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

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

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.

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