Razorpay has secured a payment aggregator cross-border (PA–CB) licence from the Reserve Bank of India. This certification empowers the company to manage both inbound and outbound cross-border transactions under complete regulatory supervision. With this licence, Razorpay aims to cater to exporters, SaaS firms, freelancers, direct-to-consumer (D2C) brands, and international enterprises active in India. Numerous organisations, including Airbnb, Agoda, Shopify, Klook, and Hostinger, utilise Razorpay’s international payment solutions. The cross-border segment is experiencing a 40% annual growth rate.
Features of Razorpay International Payments
Razorpay International Payments allows Indian businesses to receive payments in over 130 currencies, accommodating various methods such as cards, wallets, and local bank transfers. The platform is designed with optimised payment flows, achieving a notable 95% success rate for international transactions.
Support for Global Companies
For international businesses looking to operate in India, Razorpay provides a single integration that supports UPI, RuPay, EMIs, net banking, and more than 100 local payment alternatives. This allows companies to establish themselves in India without the need to set up a local entity. The platform also includes INR-based pricing, OTP-led checkout, and customer support based in India.
Investment and Market Position
Razorpay has successfully raised over $741 million from a range of investors, including Lightspeed, Lone Pine Capital, Alkeon Capital, TCV, GIC, Tiger Global, Peak XV Partners, Ribbit Capital, Matrix Partners, Salesforce Ventures, and Y Combinator.
With this accomplishment, Razorpay joins a select group of payment fintech companies in India that are authorised to offer all three essential payment functions within a single infrastructure. Recently, Easebuzz, PayU, and Pine Labs also obtained integrated approval from the Reserve Bank of India (RBI).