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Razorpay Curlec to enable UPI payments in Malaysia

EntrackrEntrackr · 1m ago
Razorpay Curlec to enable UPI payments in Malaysia
Medial

Razorpay, through Razorpay Curlec, has partnered with NPCI International Payments Limited (NIPL) to enable UPI payments in Malaysia. Indian travellers will be able to pay Malaysian merchants using UPI apps, with settlement in Malaysian Ringgit (RM). The integration removes the need for cash or international cards for Indian visitors. Malaysian merchants will receive payments in local currency through Razorpay Curlec. Razorpay Curlec will offer UPI acceptance to businesses across sectors including retail, travel, hospitality, and small enterprises. In 2024, more than one million Indian tourists visited Malaysia and spent over Rs 110 billion. The partnership aims to simplify cross-border payments and improve payment acceptance for merchants serving Indian visitors. UPI processed 19.6 billion transactions in India in September 2025. The arrangement gives Malaysian businesses access to Indian UPI users and supports cross-border payments with instant settlement. Razorpay Curlec currently supports recurring payments, card payments, payouts, subscription management, and billing solutions for businesses in Malaysia. The company will use the partnership to expand its cross-border payment stack and merchant network. NIPL focuses on expanding UPI and RuPay outside India through partnerships with payment service providers and central payment networks. The Malaysia launch is part of NIPL’s plan to enable UPI acceptance in international markets. UPI has expanded to several new countries, including France and the UAE, with agreements in place for Namibia, Trinidad and Tobago, and Peru. It is already operational in Bhutan, Singapore, Sri Lanka, Mauritius, and Nepal, and recently went live in Qatar.

Razorpay expands to Singapore to grow in SEA

EntrackrEntrackr · 9m 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.

Bullish on India’s UPI, neo-banking and credit growth story: Razorpay

Business TodayBusiness Today · 2y ago
Bullish on India’s UPI, neo-banking and credit growth story: Razorpay
Medial

Razorpay, a full-stack payments and banking platform for businesses, is bullish on India’s fintech story on the back of growth gems like UPI, neo-banking and credit, which happen to be its fast-growing businesses in India. “The growth of payments has been exponential in the last few years. There were 10 billion UPI payments last month and that speaks of the kind of scale we’ve achieved. There are 200-300 million Indians who are paying via UPI but we have a population of more than 1 billion. While the payments pool has expanded from 30 million people to now 300 million people, it still has some distance to go,” Shashank Kumar, Founder & Managing Director, Razorpay told Business Today.   

Razorpay secures RBI’s cross border license

EntrackrEntrackr · 8d 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 revenue soars 65% in FY25; gross profit crosses Rs 1,200 Cr

EntrackrEntrackr · 1m 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.

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