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Razorpay to offer international payments to freelancers with its MoneySaver Export Account

Inc42 · 1y ago

Razorpay to offer international payments to freelancers with its MoneySaver Export Account

Indian payments and banking platform Razorpay has expanded its MoneySaver Export Account to cater specifically to freelancer professionals, becoming the first Indian Payment Aggregator (PA) to offer international payments for freelancers. The feature allows freelancers to open an account in any country and accept local payments via bank transfers on the Razorpay platform without withdrawal fees. The MoneySaver Export Account aims to empower over 15 million Indian freelancers by saving them up to 50% in fees and commissions on international bank transfers. The account has already seen substantial adoption since its initial launch for exporters last year.

Related News

Razorpay launches export account for SME merchants to receive international payments

Money Control

Money Control · 2y ago

Razorpay launches export account for SME merchants to receive international payments

Razorpay, a payment solutions company, has launched an "Export Account" service for SME merchants to receive international payments, as reported by Moneycontrol. This offering enables small and medium-sized enterprises (SMEs) to efficiently handle cross-border transactions and expand their business globally. Revenues from Razorpay's international payments division contribute about 20 percent of its overall payments revenue and the firm expects to cover over 1-2 lakh businesses by end of 2025.

Razorpay secures RBI’s cross border license

Entrackr

Entrackr · 15h ago

Razorpay secures RBI’s cross border license

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 bolsters Malaysia play, procures licence for direct merchant onboarding

Economic Times

Economic Times · 2y ago

Razorpay bolsters Malaysia play, procures licence for direct merchant onboarding

Digital payments provider Razorpay has obtained a license to directly onboard new merchants in Malaysia for its payment gateway vertical. This move comes after Razorpay's launch of its first international payment gateway service in Malaysia earlier this year. With the license, Razorpay's international payment gateway, Curlec by Razorpay, will be regulated by Bank Negara Malaysia. Additionally, Razorpay's international gateway business will become a non-bank member of Payments Network Malaysia Sdn Bhd. Malaysia is an important strategic market for Razorpay, given its similarities with the Indian payments market.

Razorpay Curlec to enable UPI payments in Malaysia

Entrackr

Entrackr · 1m ago

Razorpay Curlec to enable UPI payments in Malaysia

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 launches full-stack payments in Malaysia

Economic Times

Economic Times · 2y ago

Razorpay launches full-stack payments in Malaysia

Razorpay, a leading Indian fintech company, has expanded its services to Malaysia by launching full-stack payment solutions in the country. With this expansion, Razorpay aims to provide seamless and comprehensive payment solutions to businesses in Malaysia. The move signifies Razorpay's commitment to expanding its presence in international markets and facilitating digital payments in the region. The company had acquired recurring payments startup Curlec in 2022 and its full-stack payment product is now going live. Razorpay will also leverage Malaysia to enter other South East Asian countries.

Razorpay eyes an international boost even as it moves base to India

Livemint

Livemint · 1y ago

Razorpay eyes an international boost even as it moves base to India

Indian payment gateway company Razorpay is planning to expand its business in Southeast Asian and West Asian markets this year. The company aims to generate 5-10% of its revenue from international operations in the next 3-5 years. Razorpay recently acquired a majority stake in Malaysian recurring payments provider Curlec to facilitate its entry into international markets. While its payments gateway business has achieved profitability, newer products are still in the investment phase. The company is also in the process of shifting its domicile to India in preparation for a future listing on domestic bourses.

Razorpay bets on offline, overseas business ahead of IPO

Livemint

Livemint · 1y ago

Razorpay bets on offline, overseas business ahead of IPO

Payment aggregator Razorpay is prioritizing its offline and international business ahead of its upcoming IPO. The company aims to tap into the larger Indian offline payments market, as well as expand its presence in Southeast Asia and the Middle East. Razorpay expects offline payments to constitute about 30% of its revenue in the next three years, up from 15% currently. The company is also focusing on real-time payments in emerging markets like Malaysia and plans to leverage its success in India to replicate that in other countries.

Payments startup Skydo secures $5 million in funding from Elevation Capital, others

Economic Times

Economic Times · 1y ago

Payments startup Skydo secures $5 million in funding from Elevation Capital, others

Cross-border payment startup Skydo has secured $5 million in an equity funding round led by Elevation Capital, with participation from angel investors. This follows the company's previous $5 million raise from Elevation Capital in 2022. Skydo currently assists small businesses and freelancers in accepting payments from outside of India but aims to expand its services to include domestic merchant payment solutions. With the funding, Skydo plans to increase its total payment volume and become a key player in the international payments market in India.

Wise gets in-principle approval to operate as cross-border payment aggregator

Entrackr

Entrackr · 6m ago

Wise gets in-principle approval to operate as cross-border payment aggregator

Snippet: Wise gets in-principle approval to operate as cross-border payment aggregator Wise, a technology company building the way to move and manage money around the world, has secured in-principle approval from the Reserve Bank of India (RBI) to operate as a payment aggregator – cross border for exports. According to Wise, this approval builds on its accelerating momentum in India, where the company powers 10% of all money sent from abroad to India, while also enabling customers to send low-cost and fast transfers from the country. With the new licence, Wise will be able to support higher transaction limits of up to 25 lakh for freelancers and businesses receiving cross-border payments through its international account details feature. Launched in 2011, Wise is a global technology company, building the way to move and manage the world's money. With Wise Account and Wise Business, people and businesses can hold 40 currencies, move money between countries, and spend money abroad.

Cashfree Becomes First Entity To Get Cross Border PA Licence From RBI

Inc42 · 1y ago

Cashfree Becomes First Entity To Get Cross Border PA Licence From RBI

Cashfree, a startup, has been granted the PA-CB-E&I licence which will allow them to facilitate cross-border online transactions for import and export of goods and services. This licence will provide Indian exporters and freelancers with cross-border payment solutions.

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