Payment gateway business Razorpay Software Pvt. Ltd is preparing to launch its products in new Southeast Asian and West Asian markets this year, aiming to garner 5-10% of its revenue from its international business in 3-5 years.
"We should definitely launch in some new countries this year as we look to expand our business in Southeast Asia and Middle East," said co-founder and managing director Shashank Kumar.
The Delaware-incorporated company that's working on changing its domicile to India entered international markets in 2022 by acquiring a majority stake in Mayalsia's recurring payments provider Curlec.
"We will go deeper on some of the international markets as well as dive into the cross-border flows," Kumar said. "We expect international business to grow up to 5-10% of our total revenue in 3-5 years."
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