Tag: Razorpay

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Paytm, Razorpay, 6 other payment gateways in ED crosshairs for crypto scam: Report

The Enforcement Directorate (ED) has launched an investigation into nine payment gateways, including Razorpay, PayU, and Paytm, freezing Rs 500 crore in their...

Paytm shares nosedive 9% amid reports of ED probe in crypto scam

Shares of fintech major One97 Communications, which operates the payments platform Paytm, fell by up to 9% to a day's low of Rs...

Why digital payments firms are shutting out third party routers

Digital payment companies are facing three big challenges--a shrinking revenue pie, increased regulatory scrutiny and increasing competition.The industry executives ET spoke with said...

Razorpay, Cashfree stop direct integrations with Juspay; Pine Labs to continue partnership

The intensifying competition in digital payments has split the merchant payment industry. The symbiotic relationship between payment aggregators Razorpay and Cashfree and payment...

Razorpay: Need till 2026 to hit full profitability, expect to grow by 50% over previous year: Razorpay CEO

Digital payments firm Razorpay is seeking Reserve Bank of India approval to move its parent company’s domicile to India from the US. The...

Razorpay: Razorpay reports 9% jump in total income to Rs 2,501 crore for FY24, net profit reaches Rs 34 crore

Bengaluru-based merchant payments provider Razorpay has reported total income of Rs 2,501 crore for 2023-24, up 9% from Rs 2,293 crore a year...

Digital payments show strong uptick buoyed by wider adoption of credit during festive season

Usage of credit cards and credit-based payment instruments like pay-later products showed a robust increase during this year’s festive season sales, according to...