🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Razorpay becomes India payments partner for Replit’s global AI platform

EntrackrEntrackr · 23d ago
Razorpay becomes India payments partner for Replit’s global AI platform
Medial

Razorpay and Replit have announced a partnership to help AI-first builders in India not only pay for their subscriptions seamlessly but also turn their ideas into scalable, monetised products. By integrating Replit’s AI software creation platform with Razorpay’s payments infrastructure, the partnership allows AI-built products to accept UPI from day one. Rolling out in beta, Replit will go live with Razorpay’s International Payments Suite, allowing Indian users to pay in INR via familiar methods like UPI and cards. This will effectively strive to transform a global, cross-border subscription into a local payments experience for Indian customers. As per market research, India processes over 20 billion UPI transactions every month and UPI accounts for around 85% of all digital payments. According to Razorpay, its payment stack will be embedded into the Replit platform, enabling the Replit agent to serve and monetise Indian users. Razorpay will handle compliance, FX, and USD settlements behind the scenes, allowing Replit to monetise Indian users without setting up a local entity. Building on recent collaborations with global AI companies, including work with OpenAI and the National Payments Corporation of India (NPCI) to pioneer agentic AI payments, Razorpay strives to expand how AI platforms unlock real economic value. The partnership with Replit extends this vision by embedding Razorpay’s India-ready payments and compliance stack directly into AI-driven software creation. Replit is the agentic software creation platform that enables anyone to build applications using natural language. With millions of users worldwide and over 500,000 professional users, it is democratizing software development by removing traditional barriers to application creation. The company has grown from $3 million to more than $300 million in ARR in the past 18 months.

Related News

Razorpay secures RBI’s cross border license

EntrackrEntrackr · 3m ago
Razorpay secures RBI’s cross border license
Medial

Razorpay secures RBI’s cross border license Razorpay has received the payment aggregator cross border (PA–CB) license from the Reserve Bank of India. This authorisation allows the company to facilitate both inward and outward cross-border payments under full regulatory oversight. With the new license, Razorpay will support exporters, SaaS companies, freelancers, D2C brands, and global companies operating in India. Razorpay’s international payments stack is used by companies such as Airbnb, Agoda, Shopify, Klook, and Hostinger. The cross-border business is growing at 40% year-on-year. Razorpay International Payments enables Indian businesses to accept payments in more than 130 currencies through cards, wallets, and local bank transfers. The platform provides optimised payment flows with a reported 95% success rate for international transactions. For global companies entering India, Razorpay offers a single integration that enables UPI, RuPay, EMIs, netbanking, and over 100 local payment methods. Companies can go live in India without creating a local entity. The platform supports INR-based pricing, OTP-led checkout, and India-based customer support. The company has raised more than $741 million from investors including Lightspeed, Lone Pine Capital, Alkeon Capital, TCV, GIC, Tiger Global, Peak XV Partners, Ribbit Capital, Matrix Partners, Salesforce Ventures, and Y Combinator. With this, Razorpay joins the list of few payment fintech companies in India authorized to offer all three key payment capabilities under a single infrastructure. Last month, Easebuzz, PayU and Pine Labs also received integrated authorisation from the Reserve Bank of India (RBI).

Razorpay expands to Singapore to grow in SEA

EntrackrEntrackr · 1y ago
Razorpay expands to Singapore to grow in SEA
Medial

Razorpay expands to Singapore to grow in SEA Razorpay has expanded into Singapore, its second market in Southeast Asia after Malaysia. According to a study, Southeast Asia’s digital payments market is projected to exceed $2 trillion by 2030. Businesses in Singapore face high cross-border transaction fees (4-6%) and fragmented payment systems. Razorpay offers AI-powered, easy, and secure payment solutions to support local businesses. Its offerings include multi-currency transactions, real-time payments, and cost-efficient cross-border solutions. The Agentic-AI toolkit automates transactions and financial operations. RAY, an AI concierge, manages payments, payouts, payroll, and fraud protection. Magic Checkout provides a one-click payment experience to boost conversions. Razorpay supports multiple payment methods, including digital wallets and real-time payment rails. Co-founder Shashank Kumar stated that AI-driven solutions will help businesses scale efficiently. SEA Head Angad Dhindsa highlighted the need for cost-effective global transactions. Razorpay will collaborate with banks, financial institutions, and regulators for smooth integration. Following its success in Malaysia with Curlec, Razorpay aims to strengthen its SEA presence.

Razorpay acquires majority stake in POP with $30 Mn investment

EntrackrEntrackr · 8m ago
Razorpay acquires majority stake in POP with $30 Mn investment
Medial

Razorpay acquires majority stake in POP with $30 Mn investment Rewards-first UPI payments app POP has raised $30 million from Razorpay to grow its payments and commerce platform. With this, Razorpay has acquired a majority stake in the Bengaluru-based startup. While POP did not share further transaction details, it will operate as a separate entity. Earlier in June last year, POP had raised $2.4 million in its seed funding round led by India Quotient and a few prominent angel investors. The fresh proceeds will be used to improve its products, grow its merchant base, and enhance its rewards program. POP started its UPI platform in June 2024. It claims to have crossed 6 lakh daily transactions and 1 million unique monthly transactions within the first year. According to the company, it fulfilled 2 lakh orders and issued over 40,000 RuPay credit cards in collaboration with Yes Bank. POP’s main feature is POPcoins, a multi-brand rewards currency that consumers earn when making payments or shopping on the platform. These POPcoins can be redeemed across POP’s extensive merchant network, offering users flexible and valuable incentives. Razorpay’s investment in POP expands its services into loyalty, engagement, and commerce. POP’s payments and rewards ecosystem lets merchants reward transactions and payments directly. Previously in September 2022, Razorpay acquired PoshVine to add loyalty and rewards to its payments stack. POP will help Razorpay serve merchants by offering payments, loyalty, and engagement services in a single platform. The development follows Razorpay’s recent announcement to shift its domicile back to India from the US. While the company has no immediate plans for a public listing, it has completed key regulatory steps, including its transition into a public limited company and securing approval for the merger of Razorpay Inc. with Razorpay India. Razorpay stands out as one of the few profitable unicorns in the fintech space, having reported revenue of Rs 2,068 crore and a profit of Rs 35 crore in FY24. The company is yet to announce its FY25 results.

Razorpay and NPCI bring agentic payments to Claude at India AI Impact Summit

EntrackrEntrackr · 19d ago
Razorpay and NPCI bring agentic payments to Claude at India AI Impact Summit
Medial

Razorpay and NPCI bring agentic payments to Claude at India AI Impact Summit The offering allows users to order food, groceries, and everyday essentials from Zomato, Swiggy, and Zepto without leaving the conversation. Razorpay and the National Payments Corporation of India (NPCI) have collaborated to enable shopping with AI by bringing Agentic Payments to Claude. Unveiled at the India AI Impact Summit, the platform is currently in the pilot phase with a small group of users. AI assistants are increasingly shaping how people discover and compare products. This platform, built on Claude, integrates a critical element, payments, directly into the agentic experience, enabling Claude to securely complete transactions on a user’s behalf. As a result, payments happen seamlessly within the conversation. A demonstration of the offering was showcased at the India AI Impact Summit. The partnership brings together Razorpay’s Agentic Payments, NPCI’s UPI infrastructure, and Claude’s conversational intelligence to unlock a new model of AI native commerce. Backed by UPI Reserve Pay, users can approve a single spending limit for a merchant and then make multiple secure purchases without repeated PIN prompts, while retaining full control through real-time visibility, flexible limits, and instant consent revocation. For example, a user can go to Claude and order food from Zomato by simply saying, “I am craving a mid-evening samosa and chai. Can you order this for me and my team from my favourite restaurant near my office?” The AI agent checks the available options on Zomato, presents them to the user, and, with a single confirmation, places the order through Razorpay’s UPI powered Agentic Payments on Reserve Pay. Combined with India’s high-frequency digital habits, especially in food and grocery, this creates an ideal environment for agent-led commerce to scale quickly and responsibly. Together, these factors position India as one of the few global markets where AI, payments, and consumer trust are aligned at population scale, enabling agentic commerce to become a reality.

Razorpay revenue soars 65% in FY25; gross profit crosses Rs 1,200 Cr

EntrackrEntrackr · 4m ago
Razorpay revenue soars 65% in FY25; gross profit crosses Rs 1,200 Cr
Medial

Following a strong performance in FY24, payments and business banking platform Razorpay posted a 65% year-on-year growth in its consolidated revenue to Rs 3,783 crore, up from Rs 2,296 crore in FY24. According to the company, its growth in the last fiscal year has been driven by solid execution across its payment gateway, banking, POS, and international businesses, the company said in a statement. The Bengaluru-based firm’s gross profit grew 41% year-on-year to Rs 1,277 crore from Rs 906 crore. Despite robust top-line growth, Razorpay reported a loss in FY25 after accounting for ESOP-related expenses of Rs 1,209 crore. The company attributed the losses to restructuring and tax costs linked to its redomiciling to India. Razorpay highlighted its strong cash position, which gives it the flexibility to invest in innovation and long-term expansion. The company plans to accelerate product-led growth and deepen investments across its core fintech stack, AI-first products, and financial infrastructure. It continues to expand internationally, especially in Southeast Asian markets such as Malaysia and Singapore. Founded in 2014 by IIT Roorkee alumni Shashank Kumar and Harshil Mathur, Razorpay has raised over $800 million from investors including Lightspeed, Tiger Global, Peak XV Partners, and GIC. After completing its reverse flip to India, the company converted into a public entity in April 2025. Recently, Razorpay also invested $30 million to acquire rewards-first UPI payments app POP.

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