Razorpay, Cashfree Payments get payment aggregator licence from RBI
Fintech companies will now be able to onboard new customers
Fintech companies will now be able to onboard new customers
Latest Razorpay report claims India recorded remarkable growth in online international payments in 2022-23 as compared to FY22
The company has onboarded former Deputy RBI Governor NS Vishwanathan and Arijit Basu, the former managing director of State Bank of India as part of the advisory board.
In May this year, the company announced ESOP buyback programme for its employees worth $75 million.
The modus-operandi of the fraudsters was to lure the victims to invest in the company on the pretext of doubling their investment through the app HPZ Token.
ED says entities controlled by Chinese nationals were doing their suspected illegal business through accounts held with payment gateways and banks.
For safety of merchants and consumers, RBI had issued a framework in March 2020, making it mandatory for payment gateways to have a licence to acquire merchants and provide them with digital solutions
Murali Brahmadesam has previously worked with Amazon and Microsoft. His appointment comes at a time when Razorpay is fortifying its tech capabilities
Razorpay revamps family health insurance plan to include live-in partners, same-gender partners, and LGBTQIA+ people; includes benefits such as infertility treatments, gender reassignment surgeries.
In FY22, overall employee headcount grew by 84% YoY, led by operations & logistics, sales & marketing, and tech sectors, says a payroll insight report by RazorpayX.