Microblogging platform Twitter on Thursday said it has added an Indian payment gateway Razorpay for its Tip Jar feature that allows users to send and receive money.
After introducing Tip Jar that allows people to send and receive support with cash gifts, Twitter said that it is adding an Indian payment gateway, Razorpay, as an additional payment provider to it.
The move comes as it enables iOS and Android users in India to send money or 'tip directly to their select favourite accounts with substantial followers
Razorpay becomes one of the most valuable B2B fintech start-ups
Tier-2 & 3 cities and towns continued to contribute over 50% of all online transactions
The others in the consortium are Financial Software and Systems (FSS), Zoho, Zerodha, Razorpay, Ujjivan Small Finance Bank, and Airpay
The tie-up aims to drive digital payments acceptance by small businesses and start-ups in the country
The Tiger Global- and Sequoia-backed firm is recruiting to help it work towards servicing the next 5 million businesses by 2022
The firm announced plans to hire 650 employees across technology, product and business teams in the next 10 months
Razorpay plans to invest heavily in strengthening the security and fraud analytics infrastructure
The rise was driven by strong adoption of digital transactions in tier II and III cities, according to a report by fintech firm Razorpay
Due to lack of trust, new merchants usually see 30% higher cart abandonments on the checkout page as compared to established merchants; Razorpay is aiming to change that
Fintech major Razorpay also launched new products
The partnership will make international payments seamless and safer, reducing wait time from days down to minutes
With higher credit limit than other corporate and personal cards, RazorpayX's corporate cards will empower founders to free up working capital expenses with zero personal risks and liability
By end of FY21, the firm expects two new streams to contribute to 35% of its overall revenue, with a 100% increase in its count of partner businesses
Payments solution provider Razorpay said it has raised $100 million (about Rs 731 crore) in a funding round co-led by Singapore's sovereign wealth fund GIC and Sequoia Capital India.
The firm has launched a collateral-free line of credit, 'Cash Advance' for small businesses who can borrow working capital with a credit limit of Rs 50,000 to Rs 10 lakh, within 10 seconds
Agency seizes Rs 47 crore after searching more than 15 locations in Delhi, Gurugram, Mumbai and Pune
Empowering Startups to accept payments on their own website, Razorpay, the leading full-stack financial services company, on Tuesday launched Payment Buttons