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Razorpay News

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31 Aug 2024

100+ Rejections To Rs 63,000 Crore Empire: Meet Youngest Indian Billionaire

Harshil Mathur and Shashank Kumar, co-founders of Razorpay, have earned their place as the youngest Indian billionaires according to the Hurun Rich List 2024. Their journey was anything but smooth—Harshil faced over 100 rejections from investors before Razorpay became a success.

23 Jan 2024

Razorpay Unveils Instant Refunds On Failed UPI Transactions; Check Details

In 2023 transactions on the UPI platform surpassed 100 billion marking a 60% increase from the previous year's 74 billion.

06 Dec 2022

Razorpay allows merchants to accept credit card payments via UPI

With RuPay credit cards being enabled on UPI, Razorpay merchants can begin accepting credit card payments on UPI, with minimal changes to their existing setup.

16 Sep 2022

Funds frozen by ED don't belong to them, clarifies Paytm

Paytm dismissed reports that said its bank accounts were frozen after recent raids by the Enforcement Directorate (ED). ED carried out search operations at six premises in Bengaluru concerning an investigation of what it termed a Chinese loan app case. The raids were conducted under provisions of the Prevention of Money Laundering Act (PMLA), 2002.

04 Sep 2022

Paytm says no link with Chinese loan merchants under ED scanner

One97 Communication denies any link with merchants under ED scanner. Paytm said that none of the funds frozen by the Enforcement Directorate (ED) belongs to it . ED conducted raids Razorpay, Paytm, and Cashfree premises on Saturday.

03 Sep 2022

ED raids Razorpay, Paytm, Cashfree premises in Bengaluru; Read details

ED raids at six premises of online payment gateways such as Razorpay, Paytm, etc in Bengaluru. It has seized Rs 17-crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities". Razorpay and Cashfree said they were cooperating with the federal agency while Paytm declined to comment.

03 Sep 2022

ED raids Razorpay, Paytm, Cashfree premises in Bengaluru; Read details

ED raids at six premises of online payment gateways such as Razorpay, Paytm, etc in Bengaluru. It has seized Rs 17-crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities". Razorpay and Cashfree said they were cooperating with the federal agency while Paytm declined to comment.

27 Jan 2021

OnePlus Co-founder Carl Pei's new venture 'Nothing'

Nothing's mission is to remove barriers between people and technology to create a seamless digital future. The London-based company also counts Indian entrepreneur Kunal Shah among its investors. The company will release its first smart devices in the first half of this year

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