“`html

Razorpay Partners with Replit to Empower AI Builders in India

Razorpay has teamed up with Replit to support AI-first developers in India, enabling them to pay for their subscriptions smoothly and transform their concepts into viable, profitable products. By merging Replit’s AI software development platform with Razorpay’s payment system, this collaboration allows products built with AI to accept UPI payments from the outset.

Integration of Payment Solutions

In its initial beta rollout, Replit will launch Razorpay’s International Payments Suite, facilitating payments in INR for Indian users through well-known options like UPI and credit/debit cards. This initiative aims to convert a global subscription model into a local payment experience for users in India.

Significance of UPI Transactions in India

Market data indicates that India processes more than 20 billion UPI transactions monthly, with UPI accounting for nearly 85% of all digital payment activities. Razorpay asserts that its payment framework will be integrated into the Replit platform, empowering Replit to serve and monetise users in India effectively.

Streamlined Monetisation Processes

Razorpay will manage compliance, foreign exchange, and USD settlements seamlessly, enabling Replit to monetise its Indian user base without the need for establishing a local entity.

Expanding AI Payment Solutions

This partnership builds upon Razorpay’s recent collaborations with international AI firms, including its work with OpenAI and the National Payments Corporation of India (NPCI) to advance agentic AI payment capabilities. Razorpay aims to broaden the potential for AI platforms to generate real economic impact.

About Replit and Its Growth

Replit is a progressive software creation platform that empowers individuals to develop applications using natural language. With millions of users globally and more than 500,000 professional users, Replit is democratizing the software development landscape by eliminating traditional barriers associated with application creation. Over the past 18 months, the company has experienced substantial growth, scaling from $3 million to over $300 million in annual recurring revenue.

“`