Razorpay achieves TPV of $150B, launches payment gateway 3.0

Preeti Bali / 1:13 pm / March 1, 2024

One of the leading financial technology companies, Razorpay, has surpassed a significant milestone of processing more than $150 billion in total payment volume (TPV). During its annual event, FTX’24, the company also introduced a new product, Payment Gateway 3.0. This solution is designed to address not just the payment process, but the entire customer journey, according to a company statement. Additionally, Razorpay unveiled RAY, an AI assistant that can assist e-commerce businesses with a variety of tasks, including managing payments, payouts, payroll, and vendor payments. The company’s fifth annual event brought together over 2,000 founders and 30 speakers.

“Innovation is at the core of everything we do at Razorpay,” said Shashank Kumar, the company’s managing director and co-founder. “As the creators of India’s only full-stack financial services platform, we believe it’s our responsibility to foster an environment where businesses can thrive and ultimately improve the lives of their customers,” he continued. Kumar also mentioned that Razorpay is actively exploring the potential of artificial intelligence.

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