Razorpay Services Private Limited

Recent News, Updates & Announcement

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  Razorpay’s FY23 Operating Revenue Crosses INR 2,000 Cr Mark.

  29 Feb 2024 Inc42

• 

  Razorpay Launches Innovative UPI QR and Contactless Payment Device at FTX'24, Aiming to Transform Retail Payments.

  Discover Razorpay's latest innovation - a dual-functionality device supporting QR-based payments and contactless card transactions, designed to revolutionize retail payments in India's organized retail sector..

  28 Feb 2024 BNN

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  Razorpay Surpasses ‘USD 150’ Billion in TPV, Unveils New Payment Gateway ‘Payment Gateway 3.0’ and.

  The company also launched ‘Payment Gateway 3.0’, making it India’s only payment gateway that solves not just the payment journey but the whole buyer journey..

  23 Feb 2024 LatestLY

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  Razorpay POS Introduces Instant Refunds Within 2 mins for Failed UPI Transactions.

  23 Jan 2024 Express Computer

• 

  Razorpay Becomes the First Indian FinTech to Receive the Coveted Data Security and Compliance Certification, 'System and Organisation Control 3' | Technology.

  Razorpay Indias Leading Omnichannel Payments and Banking Platform for Businesses has announced that it has received one of the most sought-after data security and compliance recognitions - lsquoSystem and Organisation Control 3 SOC 3 Certificationrsquo SOC 3 Compliance applies to any organization that stores sensitive customer data while processing online transactions such as financial information health records or personally identifiable information SOC 3 is a globally recognized and respected standard for managing and safeguarding sensitive customer data Razorpay is the first fintech company in India to have achieved this compliance milestone In the fast-paced world of fintech SOC 3 certification emerges as a beacon of trust and credibility as it signifies a commitment to safeguarding sensitive financial data In a country where the fintech adoption rate stands at 87 as against the global average of 64 achieving the SOC 3 certification becomes a narrative of resilience assurance and market prominence in the dynamic fintech landscape In the era of heightened cyber threats this certification serves as a shield managing risks and meeting customer expectations of robust data protection Committed to upholding the highest standards of compliance data security and privacy Hilal Lone Chief Information Security Officer Razorpay said ldquoWe are thrilled to have received the SOC 3 certification a significant milestone that reflects our ongoing commitment to providing secure and reliable solutions to our customers Our teams are relentlessly working round the clock to ensure that our platform is secured with the highest standards of security in order to safeguard our customers Compliance privacy and data security are the cornerstones of our forward-thinking ethos thus calling for constant upgrades of our certifications and standardisations around privacy and data securityrdquo The certification signifies that Razorpay has undergone a rigorous evaluation of its controls related to data security be it maintaining the integrity of data processing or upholding the confidentiality of sensitive information and protecting the privacy of customer data to successfully meet the robust security standards set by the SOC 3 framework For Razorpay customer confidence is paramount and the SOC 3 certification is one of the ways by which it assures its customers that their financial information is handled with the utmost care and never misused With its razor-sharp focus on building the financial backbone for Indian businesses Razorpayrsquos offerings are aimed at ensuring the safety of merchants and end-consumers both offline and online Today Razorpay serves more than 10 Million businesses in India which are safeguarded by top-notch security and compliance standards that are recognized globally Looking ahead Razorpay will continue its dedication to excellence in the regulatory and compliance domain by prioritizing investments and fostering innovations in these areas About Razorpay Razorpay Indiarsquos leading omnichannel payments and banking platform helps Indian businesses with comprehensive and innovative solutions built over robust technology to address the entire length and breadth of the payment and banking journey for any business Established in 2014 the company provides technology payment solutions to over 10 Mn businesses Founded by alumni of IIT Roorkee Shashank Kumar and Harshil Mathur Razorpay is the second Indian company to be a part of Silicon Valleyrsquos largest tech accelerator Y Combinator Marquee investors such as Lone Pine Capital Alkeon Capital TCV GIC Tiger Global Sequoia Capital India Ribbit Capital Matrix Partners Salesforce Ventures Y Combinator and MasterCard have invested a total of 7415 Mn through Series A to F in funding A few angel investors have also invested in Razorpayrsquos mission to simplify payments and business banking and redefine how finance works in India.

  30 Nov 2023 Devdiscourse

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  "Razorpay's Potential Move to India Hindered by US Taxes and NCLT Approval Delays, But Government Talks Offer Hope".

  When Razorpay wants to move to India, but US taxes be like $250-300 million. Advisors are like "nah fam, not worth it" cuz Razorpay's value went down to $3-4 billion. They tryna merge and get approval from NCLT, but it's taking too long. They wanna list on Indian stock exchanges and be better at dealing with rules. They talked to the government too. Started in 2014, now they do a lot of stuff. Got $375 million in 2021 and became a unicorn. Made some money in 2022 too. But now everyone's thinking about moving back to India cuz taxes suck..

  14 Nov 2023 Inc42 Media