Razorpay says payment gateway business grew 24% in revenue in FY24

Quick Summary:

The company launched more than 40 products when on-boarding was on hold, saying it witnessed wide adoption and scale across sectors.

Razorpay attributed the revenue growth to deeper penetration of its existing businesses and new product offerings.

Over the last year, the company said it has witnessed growth via industry-first innovations, strategic acquisitions and “doubling down” on an omnichannel strategy.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Digital payments processing Total income RBI Razorpay Profit after tax TPV Fintech PG business International expansion Payment aggregator authorisation Expenses FY24 revenue growth Southeast Asia Payment gateway Profit before tax Employee benefit expenses

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 12:33:13 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 296 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23324239

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