THE OMNIPRESENT PLATFORM

Fintech major Razorpay has undergone many diversifications. Yet, its core premise remains the same: make the movement of money simpler

- TEENA JAIN KAUSHAL

IMAGINE THIS: In the remote corners of Kashmir, a small kirana shop effortlessly processes payments, equipped only with a point-of-sale (POS) device. Similarly, for a textile exporter in bustling Kanyakumari, conducting transactions in international currencies, particularly US dollars, is a breeze—all without exorbitant commission fees. This seamless bridge between consumer and merchant, this facilitation of transactions, is made possible by Razorpay. Indeed, it won’t be an exaggeration to say that Razorpay has played a pivotal role in shaping India’s digital future.

A beaming Harshil Mathur, Razorpay’s Co-founder and CEO, tells Business Today that the Bengaluru-based company—which has made it to the BT-KPMG Best Banks and NBFCs ranking in the ‘Best Fintech’ category—boasts of powering online payments for 76 of India’s 100 start-up unicorns. “The core premise of Razorpay [when it] was founded in 2014 and what it is today hasn’t changed. It is to make money movement simpler and easier, whether it is for businesses to receive money, send money, or manage money,” he says.