Razorpay's Payment Gateway achieves 24% revenue increase in FY24

Quick Summary:

The fintech company also reported profit before tax as Rs 47 crores in FY'24, a 4.

Razorpay attributes its revenue growth to its efforts toward driving deeper penetration within its existing business segments through new product offerings.

The company’s total expenses increased by only 7 per cent Y-o-Y to Rs 2,454 crore in FY24.

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Category: BusinessFinance

Markets: India

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-29 @ 12:33:23 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 381 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 24 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 23321561

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