Payment Gateway

Why do payment gateways want to disconnect Juspay, even it means losing business

Routing traffic to its own payment gateway instead of others it has integrated with may be at the heart of the matter.

Merchants left fuming after payment gateway firms try to work around Juspay

The most concerning aspect of recent events is that this goes against the open API and interoperability model of the Indian payments ecosystem

Razorpay revenue grows 24% in FY24 to Rs 2,068 cr, total income crosses Rs 2,500 cr

The company reported a 4.7x growth in net profit, which stood at Rs 35 crore during FY 24

Cashfree aims to cross Rs 1,000 crore revenue in FY25, projects 25% from non-payment products

After five straight years of profitability, Cashfree slipped into the red in FY22 in the wake of the RBI banning the enrolment of new merchants. The company is hoping to claw back to profit in the first quarter of FY25, on the back of new products along with meeting the pent-up demand for new merchant sign-ups.

Cashfree ropes in former Razorpay exec Harsh Gupta as CRO; more changes on cards

The Apis Partners-backed fintech recently raised a bridge round of Rs 150 crore from existing investors, sources tell Moneycontrol.

Payment fintech firm Mswipe raises $20 million from existing investors

Mswipe has recently received the payment aggregator license from the Reserve Bank of India (RBI), allowing it to offer online gateway and aggregator service, particularly targeting MSMEs.

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

After receiving the final nod from RBI to operate as a payment aggregator, the Bengaluru-based firm expects payments to continue to contribute more than 65-70 percent of its overall revenues

Why RBI brought cross-border payment aggregators under its supervision

The decision will allow the authorities to distinguish legitimate transactions from fraudulent ones

Mobikwik-owned Zaakpay gets RBI's in-principle nod to operate as payment aggregator

The in-principle nod comes two years after Mobikwik filed an initial application with the RBI. In 2021, Mobikwik applied for the PA license for Zaakpay to RBI, however, the same was rejected and the firm re-applied in October 2022

Why Payment Aggregator licences are stuck for months

According to experts, the delay may be due to the stringent approval process that is aimed at ensuring transparency, standardisation and trust in India’s fintech ecosystem

Razorpay enters overseas markets with payment gateway services in Malaysia

The new Curlec Payment Gateway launched by Razorpay will serve more than 5,000 businesses with a target of RM 10 billion (Approx. USD 2 billion) in annualised Gross Transaction Value (GTV) by 2025.

Pure-play payments space will have only 10 serious players in next 3 years: BillDesk’s MN Srinivasu

Razorpay which is in the process of reverse flipping its domicile back to India is looking to go for an IPO in the next two-years.

Cashfree exploring strategic sale, Pine Labs emerges as frontrunner

While Cashfree is asking for $1.2 billion, the suitors are seeing only $600 million value at the top end for the company, sources have told Moneycontrol