Razorpay launches new solution to enhance experience

Fintech major Razorpay on Thursday said it has seen strong growth in the number of payments processes on its platform, and it expects its total payments volume (TPV) to reach USD 90 billion by end of the following year.

The unicorn, which is upheld by investors like Tiger Global, Sequoia Capital India and Mastercard, has announced the launch of three new products that are pointed toward improving on payment the board processes for organizations, particularly little and medium-sized enterprises (SMEs).

“Today, we are the fast-growing fintech market on the world. Fintech in India has crossed China and has turned into the second biggest fintech economy after the US with the highest adoption rate globally. India is standing out in the APAC having enlisted around 25 million transactions in 2020, trailed by China and South Korea,” Razorpay CEO and co-founder Harshil Mathur said.

Talking at the fourth version of its lead FTX occasion, Mathur said in the course of the most recent few years, Indian fintech organizations have shown huge potential by using new technologies to just and accelerate requirements of businesses and consumers.

“We have helped increase outreach, improve customer experience, reduce operational friction and foster adoption of digital payments,” he added